"Zeitgeist" or the Spirit of the Time

Zeitgeist: Addendum - 2008 by Peter Joseph from ZeitgeistMovie.com on Vimeo.

SPX 500 Very short term - wait and aim.

Impulsive 3th or just an ordinary C of "zig-zag", It definitely worths to get in (long). But maybe later this week  or next one-when the pull back is done. Around 1073.

Good luck trading!

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SP 500 Elliott Wave Update - Weekly chart

          Dead cat bounce or resuming the Bull trend? 
That is the main question, that really confuses bulls and bears now. What about the big H&S pattern? Yeah... I've seen many fake ones.
          In one of the SP 500 updates I mentioned, that 1007 is great support zone. And it's not broken so far. 
          The market is just bouncing above the 1*2 Gann Angle (trend line now) that will be close shave to overcome. Lately I am working on the assumption that July's low(1007) has marked the end of the corection as Primary B wave. I also have adopted the idea of large "flat" or "triangle"' who's (a) Intermediate met the 1007 support, and now is forming "C" Minor of (b) Intermediate and so on..
           But the bounce is still limited by the bear trend line and 1100-1103 resistance. I think this week's candle will not make it. So better cover the longs for the weekend and aim again next week.

SP 500 -Elliott Wave update

       Last few weeks/moths the Us indexes offered a lot of mixed signals and counts, which divided the EW blogosphere into three groups:  bullish, bearish and neutral (including me). I changed my count slightly about S&P, giving a little bullish tune in the whole scenario, at least for the next couple of days or weeks. According to the DIS (Daily Index Sentiment) the US indexes have momentum and volume driven models, that appear to be preparing to switch to Buy signals with proper positive action today or in tomorrow's session. My indicators in 4 hour chart show oversold conditions, giving a clue for rebound as well. But as I've said many times: trading overbought or oversold market only, without stronger confirmation is really looking for trouble. 
       The chart below  shows the count I prefer, and the important short term resistance (1099.86), which once broken will prove my count.

Today's candle lays exactly on a time line, which might mark a low today. The price currently is very close to the support/resistance zone,  which once broken, will confirm the bearish case.

P.S. According to moon calendar today occurs  the full moon cycle, which usually makes bulls crazy and fearless.

Good luck trading!