sunday night s&p 7 march 2010

8/14/2019 Sunday Night S&P 7 March 2010

1/3

This has been my count and it is now running out of time. The 1128 (61.8% of -w- = -y-)

target was taken out on Friday. This leaves us with 1140 as the 78.6% of -w- = -y- as the

next objective for the bulls. This level was basically achieved on Friday afternoon.

Andys Technical Commentary__________________________________________________________________________________________________

- X -( Z )

c

1444.5

a

(a)

(b)

-w-(c)

1112.3

1086

(c)

-x-

-y-

1140

S&P 500 (120 min.)

(a)

(b)

Is this move an impulse? The

futures market doesnt look impulsive

at all, but this cash chart could be

interpreted that way. It would leave

us with the count on the next page as

one possibility.


2/3

If the wave up from 1086 is an impulse, then this would be the model. Its possible that the

market would contain the move within the light blue dashed channel here. But, if were

dealing with an impulse from 1086, then it opens up a lot of various upside possibilities.

So, bears need to reverse this market quickly.

Andys Technical Commentary__________________________________________________________________________________________________

- X -( Z )

c

(e)

-y-

a

(a)

(b)

-a-1112.3

1086

(c)

-b-

-c-?(5)

S&P 500 (120 min.)

(a)

(b)

(c)

(d)

-x-

-w-

(1)

(2)

(3)

1118

(4)

1118 now becomes a key level of support for

bulls as it concluded a triangle formation.

This move would be considered an

Double Combination, a correctionthat ends with a Triangle.


3/3

DISCLAIMER WARNING DISCLAIMER WARNING DISCLAIMER

This report should not be interpreted as investment advice of any

kind. This report is technical commentary only. The author is

NOT representing himself as a CTA or CFA or Investment/Trading

Advisor of any kind. This merely reflects the authors

interpretation of technical analysis. The author may or may not

trade in the markets discussed. The author may hold positions

opposite of what may by inferred by this report. The information

contained in this commentary is taken from sources the author

believes to be reliable, but it is not guaranteed by the author as to

the accuracy or completeness thereof and is sent to you for

information purposes only. Commodity trading involves risk and

is not for everyone.

Here is what the Commodity Futures Trading Commission (CFTC)

has said about futures trading: Trading commodity futures and

options is not for everyone. IT IS A VOLATILE, COMPLEX AND

RISKY BUSINESS. Before you invest any money in futures or

options contracts, you should consider your financial experience,

goals and financial resources, and know how much you can afford

to lose above and beyond your initial payment to a broker. Youshould understand commodity futures and options contracts and

your obligations in entering into those contracts. You should

understand your exposure to risk and other aspects of trading by

thoroughly reviewing the risk disclosure documents your broker is

required to give you.

Wave Symbology

"I" or "A" = Grand Supercycle

I or A = Supercycle

or = Cycle

-I- or -A- = Primary

(I) or (A) = Intermediate

"1 or "a" = Minor

1 or a = Minute

-1- or -a- = Minuette

(1) or (a) = Sub-minuette[1] or [a] = Micro

[.1] or [.a] = Sub-Micro

sunday night s&p 7 march 2010

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