S&P500

remember this chart posted on the 14Mar on chat ?

dl.dropbox.com/u/40497882/SPX_14Mar.JPG

to this:

dl.dropbox.com/u/40497882/SPX_15Mar.JPG

Spx closed @1561 so back inside that wedge...just

J - please see my dow post.

Can someone please check whether there's a hanging man on SPX daily? Also, anyone got any views on the wave count here, either short term or med/long term?

As I've posted, I'm already short on the indices so would like some other views to confirm/refute what I'm seeing.

TIA

One more thing to add here, with the job numbers being what they where, the fact the price could not hold & the selloff that occurred on open approx 10/12 pips and then could not hold abv 1552 by close adds to my thoughts.....

WaveSurfer wrote: minimum target for this wave now achieved yesterday and in addition to that invH&S target being satisfied posted earlier and mentioned on chat yest, however to confirm the below numbers are required to confirm one way or the other....

i now see signs for an imminent correction -divergence appearing 1hour and rsi on daily @80+ that wont confirm until a close below 1534 for an imminent Short term correction, unless spx can take out 1560 and close abv it and negate that divergence altogether and most importantly that Price... i believe the ST correction to be an Int wave IV of Major 3 which could be approx 3-5% in the interim if it when it confirms..

dl.dropbox.com/u/40497882/SPX_1HR_Mar0813.JPG
dl.dropbox.com/u/40497882/SPX_4hr_Mar0813.JPG

rgds WS

minimum target for this wave now achieved yesterday and in addition to that invH&S target being satisfied posted earlier and mentioned on chat yest, however to confirm the below numbers are required to confirm one way or the other....

i now see signs for an imminent correction -divergence appearing 1hour and rsi on daily @80+ that wont confirm until a close below 1534 for an imminent Short term correction, unless spx can take out 1560 and close abv it and negate that divergence altogether and most importantly that Price... i believe the ST correction to be an Int wave IV of Major 3 which could be approx 3-5% in the interim if it when it confirms..

dl.dropbox.com/u/40497882/SPX_1HR_Mar0813.JPG
dl.dropbox.com/u/40497882/SPX_4hr_Mar0813.JPG

rgds WS

we can relax a bit now....esp since we closed not only abv that 24/25 but 34 also.