Thursday, April 21, 2011

SPX Daily - Thursday, Apr 21

@ 6 PM
Freestockcharts.com appears to have revised their estimates of the last 15 minutes before the close, which shows SPX did not make a new high just before close. The DOW did though.
Will wait till Monday though to post any new charts.
Now even more confusion.....

Have a good weekend folks!!

@ 4 PM
Looks like that was just micro (i) of subminuette (v) of minuette i....
Because we just breached the high of what I thought was micro (v).
( I know it is confusing, ignore the 2-minute squiggling :)

@ 2 pm
Squiggling the 2-minute chart....


@ 12 Noon
Micro (iv) is a text book triangle on the 1-minute chart.
If the minuette i ends above 1345, it will eliminate the bearish count. 
Dow has already breached it's Feb high, twice.


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