Elliott Market Waves

SPX daily update

Friday, December 18, 2009

Since middle of November SPX is doing zig zag after zig zag and a possible bearish wedge or ending diagonal is underway.

Despite all alternative counts (we can made with these formations some diferent counts and today I decide to show 2 of them) the mayor pattern is underway and the top, for the big picture, may will be between 1030-1050 points.
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience).

EUR/USD daily Update

Thursday, December 17, 2009

My 1º option seems to be in play. For now this is what i expect.

Good luck

Soon the top may will resume!

Last nigth in Portugal occur an earthquake and I forgot showed this chart. Very soon a bigger earthquake will happen in the markets (already began in EURUSD).

SPX daily update

Tired of these zig zag waves. This don't look wave iii of C since the 1085 so alternative count of the big picture is underway.

SPX intraday update (Part 1)

Wednesday, December 16, 2009

SPX is close to end an impulsive wave. So if this happen wave (ii) or b already began.

SPX daily update

Nothing new to add. It's possible this correction already finished but I prefer some king of double zig zag and one test at 1101 (50 % Fibonacci retracement since 1085).

SPX dialy update

Tuesday, December 15, 2009

Seems wave (i) or "a" finished yesterday. Today SPX may have some pullback and then will see if this is a true wave iii or wave "c" of "e" (see my last post with the big picture options).

SPX daily update

Monday, December 14, 2009

Laterization is the name and for now seems the bulls are winning this battle at short term. After 1 month at this "battle zone" the bulls have everthing to conquer another territory. On the other hand the bears need a good selloff and conquer the 1085 points.

At "big picture" I will keep my primary count but at same time will began to take attention at my alternative count. So with these two charts the top of this P2 may will be between the 113x's and the 116x's.

EUR/USD weekend update

Sunday, December 13, 2009

This is my primary count. In green you can see my alternative count.

As Filipe had show some are considering my truncation as a II, but for now i will put that option in 3º place since i don't know how to count the last up move in that option.

good luck

EDIT (by Filipe): At the "big picture" (monthly chart) the harmonic analysis suggest the possible formation of one or two bearish patterns.