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Tuesday, March 13, 2012

$SPX: Relabel of EW count from sunday post.

On sunday, we post a forecast if primary wave B of cycle 2 isn't in place. Yesterday we label the first wave 4,down as a much bigger wave,so we post as wave b of 4 was in game and 1,378 was it's target. With today's price action this possibility is negated and we are relabeling as the first wave 4 is in place and today is in game the first wave 5 up. The neckline we have been posting last weeks is working again,today.

Below is our sunday post:

Sunday, March 11, 2012

$SPX: Forecast? if primary wave B of cycle wave 2 isn't in place

These 3.5 years, daily chart is for trying to forecast the probably movements of price, until wave B could be reached.

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