Tuesday, June 29, 2010

SPX - AM UPDATE

SPX - BEAR COUNT

SPX - BULL COUNT (IN JEOPARDY)

SPX -MAs

 SPX -BBs
This is the most bullish bear count (top chart). The bull count I have presented for weeks is severly in jeopardy and I'll say most likely out. 

Watch for a possible bounce though and a positive divergence as I pointed out last week if we see a new low today or the next few days. 

The market has reached the lower BB as mentioned last week as well. 

That death cross I've been watching and waiting for is getting close. Not there yet but close.
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