Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Monday, April 2, 2012
$SPX: EW count "big picture" because some readers can be confused.
On March 28, we post the chart (below) and there you can see some waves 3s and 4s. The wave 4 we have being counting, till today morning was the "green" one and that's now "in place" and now, we continue the count of the "purple" wave 3. When "purple" wave 3 will be in place,more or less at 1,446, we will start the count of "purple" wave 4 with a target of 1,275.