market waves

SPX in third big wave since 2009. Waves getting weaker and the lows deeper. The deepest into summer 2013.


~70TD waves flashing warning, with a lower low and now possibly a lower high in July-August.


This 70TD wave is still making higher swing highs and lows, and could make another 2 swing highs before it tops.
But we are in a weak wave that may break down early
So last week may have been the top, or we get another 1 or 2 swing highs, in attempt for SPX 1400+ before it gives up

of the western markets FTSE has been the leader.
Topped early in 2011, made early low in Aug 2011, topped early in 2012, made early double bottom in May-June, and now failed to make a higher swing-high >5720.
So FTSE now seems to lead us down... but divergences may hold SPX up for another weeks.

of the western markets FTSE has been the leader.
Topped early in 2011, made early low in Aug 2011, topped early in 2012, made early double bottom in May-June, and now failed to make a higher swing-high >5720.
So FTSE now seems to lead us down... but divergences may hold SPX up for another weeks.

Thanks for your charts and analysis,i agree with your outlook.

the task on hand is to turn this into CASH.

BEST OF LUCK IN YOUR TRADING,

Pisces.

last swing high in SPX also gave a potential IT-sell signal Now we have the same situation: another swing-sell signal, together with a new potential IT-sell So downside bias the coming week, that could lead to a breakdown and confirmation of IT-sell. Or we make another higher swing-low, and squeeze up one more time, probably setting up another swing-sell together with potential IT-sell some time in ~10 days