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Friday, July 6, 2012

$SPY: Wave 4?


$SPY: 134.33 is critical level to comfirm or negate our bearish count.


IF 134.33 acts as an support our bullish count,up to 1,390, could be a valid alternative. IF price surpass 134.33 that increments the odds for our call for a way down to 600 area.

$EURUSD: 10 min chart.Third EW rule call, nailed.







Today, early in the morning we forecast wave 4 as a maximum retrace, up to 1.2405 and retraced to 1.2404. Third EW rule works very good.

$EURUSD: EW count and forecast.


We are short and will live our position overnight. Our stop loss is slightly above 1.2405 because wave 4 can't surpass this line IF we are right so our count respect third EW rule.

$EURUSD: EW count and forecast.


We are short and will live our position overnight. Our stop loss is slightly above 1.2405 because wave 4 can't surpass this line IF we are right so our count respect third EW rule.