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Saturday, October 13, 2012

$SPX: EW count and forecast. Daily and 1 Hr charts.


Daily chart.


1 Hr chart.

On october 7, we call  that subminuette wave 4 was in place so, next stop is 1,370. Our EW count continues confirming our call. Some days ago we posted 2 alternatives: micro wave 1 or 3 was in place. Time confirm was micro wave 3 in place and, now, micro wave 4 is,also, in place so, micro wave 5 is on play with a max target of 1,370 +/-. In the 1 Hr chart is interesant check out that the subminuette wave a milestone has work, first as a support and now as a resistance. Price should continue its way down to 1,370.


Sunday, October 7, 2012

$SPX: 2 Hr EW count and forecast.Next stop: 1,370 .


When subminuette wave b of minuette wave 4 will be in place, then should start subminuette wave c (down) to 1,370 and something, as we have call some days ago.