IN THE SHORT TERM
With SPX crossing 1334 level count in the short term has improved to count underway more optimistic alternate on the daily chart of the DOW. This count suggests that this scope increased seven months intermediate vague remaining the low SPX 1173 Nov10 five. This count remains unchanged. Intermediate five waves, however, is extending and subdivided into waves of a lower than expected. We expect the rally of five waves of SPX 1173 1303 as minor wave 1 and the withdrawal of that day in 1275 as minor wave 2. Minor wave 3, currently underway, started low SPX 1275. This suggests the rest market yet to complete 3 minor, minor 4 and 5 minor before this increase concludes. Expenses General resistance is now at the OEW 1363 and 1372 pivots. Best for your business!
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