No time for any chart but we are in the same swamp as the previous days (weeks) so a lot of different readings are still possible. The diferent valid counts are:
Wave B doing double zig zag (old count in the big picture); wave b of v of v (last count in the big picture); possible triangle.
Hello friends.
In the sequence of my weekend update i leave you the Dow transportation index chart. I think rose wave 4 is done and that we have started a final sequence of waves. Plus, there's a pretty nice channel that deserves "maximum respecto" ;)
Best to you trading
PH
Today i decided change all my counts and today makes much sense the medium and short time frame.
At short term i used this count of last week: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF6OJAUrtDIFIeZuqledSuDd0H0PL9-wC06kO3l2iS-f8ab1DV0dlWZfYbnbeph9hw_duKrgCSJu4wX4YW4Q6xkDy5T8S4N-M1BpWTGQAn-MiUmGPmDRrvAnIhyphenhyphen1VDP_c9sw2wf__Czufd/s1600-h/spx_bull.jpg.
I would like to see some discussion about my changes and know your view of the markets.
Just follow Nelly cause she knows where the market will go!!
P.S. Just to relax.
We are in the same swamp as the previous days (weeks) so a lot of different readings are still possible.
As SPX didn't made new highs the last change for the bears is a double zig zag formation in this wave ii or B.
The Million Dollar Question....WTF SPX is doing?????
Triangle or another different pattern? For now is better control the trend line (green line) and see what happens. Despite my doubts this is my primary count and the triagle the alternative.
© Free Blogger Templates Nightingale by Ourblogtemplates.com 2008
Back to TOP
