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Wednesday, January 23, 2013

$SPX "Big picture" bearish count.

our current count considers a bigger degree outlook with supercycle waves instead of cycle waves, as we posted yesterday. Our main count (bearish) will be negated if price exceeds the highs of 2007 at 1576.09. The bullish alternative is considering the cycle wave 2 instead of the primary wave A.



SPX, 7 years daily chart.