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Wednesday, April 18, 2012

$SPX: 2 days,2 min chart. EW count relabel. Forecast is the same.



The last hours EW count, has need a more closely look. This is the count with which we feel better.




15:35 ET. 

Seems wave b is in place.Maybe the EOD will be bullish with a strong resistance at 1,392.76



EOD

Nop, wave 2 was in place and now,down...



$SPX: 2 day 2 min chart. EW count and forecast.


$C & $BAC: 40 years, monthly 2x2 grid charts comparation. EW count and forecast


C & BAC

Both charts are very similar and show both banks ending the intermediate wave c (red) to put in place the cycle wave 2 (black) so, cycle wave 3 will start to be in play. This should be this year. We will post a next 2x2 grid chart with a comparation of one of this banks with the market ($SPX).

$SPX & AAPL: 2x2 Grid chart. EW count and forecast and comparation.



This is an interesant comparation between AAPL and the market ($SPX). We have pointed that $SPX is in minor wave 4 and AAPL is in a wave 4, but we haven't pointed which is, because we don't now it.
The point is, both are in waves 4,down but, the $SPX seems to be in a wave 5 of something and AAPL seems to be in a wave 3 of something. Both are facing south for the next days.