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Thursday, July 5, 2012

$EURUSD: 2 years,daily chart. EW count and forecast.

Our final target of 1.15 +/- continues intact.

$SPY: 15 min chart. EW count and forecast. Minor wave 2,in place?

$SPY: 60 min chart.EW count and forecast.

Minute wave 4 has respect territory of minute wave 1. This is an arbitrary count, because waves should be count as a,b and c, but we like the respect of third EW rule. If you prefer, the correct count should be minute wave a (where wave 1), minute wave b (where wave 2) and wave c ( where  we count waves 3 and 4, and wave 5, should be on play,If not in place).