Since last highs SPX labell a descending triangle however this triangle may change to another corretive pattern (alternative count at short term). Despite this, I will expect new highs very soon. Good trades to all.
At short term nothing changed which give me some time to (finally) review my big picture.
So, my primary big picture is still wave 4 underway in some triangle pattern as I previously posted.
However I change (a litlle) my primary long term count as this last wave seems impulsive. My last primary count is simply extended with a few more sub waves.
The bear case from yesterday are still possible but the odds still suggest new highs will be done. Possible inverted H&S underway and the 1498 may will be resistence for this correction. Good trades to all!
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