Friday, June 17, 2011

SPX Daily - Friday, Jun 17

@ 4 PM
Counts remain fluid...
Primary Wave 2 should be a WXY double zigzag up. We finished the first zigzag up in Feb. The next wave X ought to be in the opposite direction. And thatz how I am counting. Usually wave X can be expected to be a smaller zigzag, but looks like market is giving us an expanded flat instead. Both are corrective patterns. And that certainly adds uncertainty to the counts :)


@ 2 PM
A possible count for minuette i, if Minute 5 is still unfolding.


@  12:30 PM

Hard to say what the wave count is. Will have to wait and see.
Minute 5 looks relatively small to 1 & 3. 
And the subwaves do not count well to have it completed either.


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