SPX: time for a count update.

It’s been a while since I presented a count on the SPX, but the sideways mess of March and the recent decline for most of april have been very hard to track, leaving us with multiple count possibilities. I don’t like that and neither like to share those as it only creates confusion and frustration.…

No internet = no posts

My internet is down till Friday late… Sigh… So no posts or charts until the weekend. Today was important: break down of ascending LT trendline I showed 2 days ago, and now the trendline below that is next logical target. Assuming a=c then ~1812 is logical target (with a from 1897 to 1837 (60 points)…

“Just the trend lines Ma’am”

Let’s forget about waves, moving averages, oversold, technical indicators etc and just look at the price and how it has gotten to where it is now. Trend channels are very useful for such an analyses and can identify great buy (lower trend line touches) and sell (upper trend line touches or breaches) points. Well, ever…