SPX - Waiting for the top's reversal



Even if the market could be in a top's reversal [y] of b,

1°) the last rebound was stronger than expected,

2°) the pattern is not clear ,

3°) a confirmation is required,

so no short position.

 

Above 1692 the first alternate count (bullish: wave Alt:c of Alt:y ) prevails.

 

Have a great trading day...with care!

 

ElwaveSurfer

 

SPX - Topping or new scenario

The first target has been achieved; the next is 1692.
Above, the preferred count is wrong (a zig-zag pattern with wave b that retraces more than 78.6% is very unlikely).

ElwaveSurfer

SPX - Rebound close to completion

Preferred count: close to a bearish reversal; we could be in wave c of [y] of b of b .
First alternate count (bullish): wave Alt:c of Alt:y

ElwaveSurfer

 

SPX - The rebound continues

the Preferred count remains the same: wave [y] of b minute of b minor; final target 1682-1685.

ElwaveSurfer

SPX - Alternate count of minute degree prevails

The alternate count prevails; we are already in wave b of b (wave [4] of previous first count would be out of proportion to wave [2])

Have a great trading day ... with care!

ElwaveSurfer

SPX - Nothing new

Insignificant session, except the coverage of the gap of 27 August (refer to the yesterday's remarks).

ElwaveSurfer

SPX - New alternate count

Yesterday's upward movement denied my expectations

Preferred scenario: we are still in wave c of [4] of a ; first target @ 1617

New alternate scenario: we are already in Alt:[a]/[w] of Alt:b ; first target @ 1669

Have a great trading day ... with care!

ElwaveSurfer

SPX - Bearish short-term scenarios

The last downward move could be started yesterday.

Preferred scenario: we are in wave 2 of [5] of a

Alternate scenario: we are in Alt:(2) of Alt:c of Alt:[y] of a .

First target @ 1.617

Have a great trading day ... with care!

ElwaveSurfer

SPX - The bearish pattern is not over.

The "Three" of last Thursday , which wasn't invalidated in the Friday's session, requires an update count.

Preferred scenario; the five impulsive pattern of wave a is not over, I'm waiting for a new bottom.

First alternate scenario: we are in a double zig-zag Alt:[w]-[x]-[y] and a new down move is starting.

Have a great trading day...with care!

ElwaveSurfer

SPX - Lack of confirmation

The rebound appears like a three wave patterns, and it still does not confirm the start of the upward wave b .

Have a great trading day...with care!

ElwaveSurfer