Elliott Market Waves

Wednesday, June 9, 2010

Some ending/leandig diagonal since the today highs (time frame 1 min).

GBPUSD update

Possible triangle still underway.

SPX intraday update (Part 2)

Different pattern similar target.

SPX intraday update (Part 1)

Following my alternative count the next hours SPX may label this pattern.

SPX daily update

Nothing changed since my last update. The both counts are still possible. If tomorrow SPX don't made new lows the alternative count is underway.

Tuesday, June 8, 2010

The pattern action since last days (possible ending diagonal underway) originate some adjusts of my primary cout at short term.

SPX intraday update (Part 1)

Possible endind diagonal finished on last lows. Let's see how can labbel this on my charts.

SPX daily update

Nothing changed since my last update. Not sure if wave ii (brown) already finished.

Monday, June 7, 2010

Last session defined the trend for the next coming days. The end of wave ii at 110x's suprise me as I expected a test at 112x's during the open market.

If wave ii already finished, I will not expect any decent pullback in the next days and if this happen will be a great opportunity to add shorts until the 109x's area. At short term the bears are in control and the trend follow the downside, so the bulls must be caution .