SPX - not giving up

SPX

Big re-labeling. Nothing to do here.

Attention, get ready for descent

SPX

Currently SPX posed for downside move. I must to admit, the current count looks ugly and easily can be argued. But unless rules are broken this is it. Next downtrend will target $1492 zone.

SPX says "I'm fine, give me another one"

SPX

SPX failed to create downside impulse. Another stage of wave re-labeling... nothing is invalidated, just things keep stretch in time.

SPX - how long?

SPX

Timing is everything. I think everybody already talking about reversal... But just think about how much money you would have blown up on put time premiums during last month. SPX just bought another couple of days hiding from crash.

New highs coming

SPX - short term

I don't read news, but Bernanke must say something to show must go on... 1525 level will be critical for this scenario. Grab popcorn!

More SPX alternative count

SPX

Another day, another wave. Price/time balance of wave 4 shows that triangle is highly unlikely to appear. As we know from Robert Prechter's guidelines triangles only in appear in wave 4 ( in wave 2 only in combination) before trend reversal. So this fact kind of opens up the door for new possible upside scenarios. We will have to start looking for alternatives when SPX breaks 1565 level.

SPX update

Very interesting Fibonacci combination... If SPX will rise beyond 1565 level it will invalidate current count that goes 1 year back. But target for ongoing wave 5 is around 1555.

SPX

SPX - Final countdown

SPX about to make a rise. Since it could be final wave 5 before trend reversal we can see diagonal triangle that will unfold in three's

SPX

SPX - tethering on the brink of collapse

The end is near. SPX probably going into last wave 4 before global trend reversal.

SPX

Main strategy: Out of the market.

Volatility is so low (9%) so you can't get any reasonable premium. Corrections and weak wave 5 ahead. Nothing to do here.