Tuesday, November 8, 2011

EOD Update

Looks like the market appears to still be on track towards 1292 per the primary and alternate 1. Let's see if the bulls can keep price over the 200 day SMA for a few days. If not, pay attention to alternate 2 and the LD/ED option below.

The VIX looks like it put in a sell signal on the daily chart. Perhaps it is aiming back for 24.xx. If so, that would line up with a move back towards 1292 on the SPX.


Alternate 1

Alternate 2
This count is losing credibility with every tick higher.

LD/ED Option

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