| Continuing with my forecast done in June 15th ( see http://swelltrader.blogspot.com/2009/06/s-heading-for-bullish-head-and.html ), i see actual S&P index moves being coherent with the fact that the index is unfolding a bearish correction after 5 impulsive waves (i, ii, iii, iv & v), to conform wave 2 (ABC) of a bigger bullish move (5 bullish impulsive waves). Is very important to note that this bearish correction is being made thru the conformation of a possible bearish H&S in H4 time frame I`ll wait for H&S`s neckline break and retest for confirmation. |
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Mar de Leva (swell waves) en Cartagena de Indias - Colombia
Friday, July 3, 2009
S&P bearish Head and Shoulders, coherent with Elliott Wave counting
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