Elliott Market Waves

SPX intraday update (Part 2)

Friday, February 18, 2011

For the medium term I didn't change my primary count. For me this looks more an extention of this bearish wedge. At short term It's possible the pattern isn't completed.

SPX intraday update (Part 1)

Until now the market didn't fall. On other hand I can't see impulsive waves for the downside.

Conclusion: The bears must be cautions and have tight stops cause the bulls are still in control.

SPX intraday update (Part 2)

Thursday, February 17, 2011

SPX intraday update (Part 1)

Waiting for some trustfull waves...Despite this my primary count still the same.

SPX intraday update (Part 4)

Wednesday, February 16, 2011

Following my last two options the 1332.96 is the key. It's important understand if this last pattern is corrective or impulsive. Let's see what will happen!