Tuesday, June 28, 2011

SPX Daily - Tuesday, Jun 28

@ 7 PM

The Minor 2 Count is also supported by Russell 2000. And this count can be used on pretty much all the indices, and most likely to prevail I think.


@ 4 PM

The combination Minute 4 count on the COMPX.


The Minute 5 down count on the SPX 5-min.


@ 1 PM

One thing working Minute 5 count posted in the morning is that NDX, COMPX and RUT have all exceeded their corresponding Minute 4 high of Jun 21/22. So may be the alternate count of Minor completing at 1258 is unfolding and this may be Minor 2.

Recap of the 4 possibilities

1) May be Minor 1 is done at 1258.
2) May be June 22 high was the Minute 4.
3) May be we are still in a combination correction for Minute 4.
4) May be this is minuette i of Minute 5 of Minor 1 down.



@ 12 Noon


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