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Monday, May 21, 2012

$SPX: More about the 1,292.66 pivot point as third EW rule.



IF price continue respecting the third EW rule: " A wave 4 can't invade wave 1 territory", the 60 min MACD can give us,later, some confirmation for a change of mood in markets.


We think that, maybe, wave 5 is in play with price action at this hour : 13:11 ET


MACD breaking downtrend line. Good signal to the bull theory. 14:45 ET


Friday, May 18, 2012


$SPX: Markets respect at EOD the third EW rule at 1,292.66.



This is the EOD, respecting 1,292.66 extreme support and third EW rule:



 This is a 20 days, 30 min chart, showing in more detail the 1,292.66 "clue line":




This was our post at 13:39 Lima Time or 14:39 ET:



$SPX: EW count and forecast. 1,292.66 is the "clue line"


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As we are, reiterate, calling for a last wave 5,up before the "BIG and REAL" downfall so primary wave C and cycle wave 2 can be in place, 1,292.66 was the high for minute wave 1 and IF this is a minute wave 4, this can't invade wave 1 territory, as the third EW rule signs. IF this "extreme" support is erased, then the "BIG and REAL" downfall could be developing.



This has been our 2 calls, at 15:42 and 15:46 ET via stocktwits, at the precise moment it should. We will see IF the third EW rule has some respect of markets on monday 21.


  1. RT @Perutrader $SPX: EW count and forecast. 1,292.66 is the "clue line" http://stks.co/3tri // STOP in the name of third EW rule!
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  2. RT @Perutrader $SPX: EW count and forecast. 1,292.66 is the "clue line" http://stks.co/3trN /IF 1,292.66 support up we go.IF not, so down

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