Tuesday, March 2, 2010

3/2/10 - SPX EOD

Option 1


Option 2


Here are two counts as I see it. The top chart may work better.

Minute [ii] may be in for the top chart or only minuette (a) red. If it is only minuette (a), a pullback for wave (b) red near the red Fib retracement levels would be expected before a final push higher. The green EW channels may provide a guide for that move higher.

3/2/10 - E-Mini AM Update



Is she gunning for the upper channel line...?

Monday, March 1, 2010

3/1/10 - SPX EOD





The above charts highlight my previous alternate count, which at this point in time looks to be the best preferred count.

There is a small scale triangle that appears to be forming as part of the final 5th wave of c to complete minute [ii]. There are Fib targets on the second chart for wave 5 as it relates to wave 1 for the possible end.

3/1/10 - E-Mini Wedge [11:25 AM Update]

[11:25 AM Update]





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A wedge within a wedge? That looks toppy.
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[8:05 AM Update]

This looks like it may be done.
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No counts on this chart, however, that is looking like a pretty decent wedge.