Wednesday, June 5, 2013
SPX - Complex correction
The intraday top labelled in the yesterday's post like wave 2 , was confirmed but has changed in wave x because the downward move of the last session it is more difficult that could be qualified as impulsive pattern.
So the new counts become:
Preferred (bearish): we are in wave y of [y]
Alternate (bullish): the correction is over and the uptrend resumes.
Have a great trading day...with care!