Short Term Trading Member Forum

[techcharter]

SPX Wave Counts

Both counts start from the April '10 high as the end of the bear market rally. Neither count has been invalidated.

Bullish: Late may rally to present is a double zigzag wave 2 bounce. More rally ahead for the next week. This would result in a fibonacci time ratio about 60%

Bearish: Wave 3.3.3.. Down is underway. The 1+ day bounce is sufficient time proportionality.

Hope this link to SPX June '10 futures works.

http://charts.insidestocks.com/chart.asp?sym=SPM0&data=Z60&date=060910&den=MED&divd=n&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk