What a month we’re having, wave 3’s are nice!!!! My system was designed to catch a couple of nice trends a year and to weather the storms the rest of the year. Should you be able to do this year in and year out, then 25%+ annual returns should be a slam dunk. Half way through 2012 we were just about break even, but the 2nd half of the year just exploded and the explosion has continued into 2013. No changes today from the swing system, though I expect gold to go long soon. As I’ve been noting for several weeks now, the upper red barrier on these charts was my target for wave minute  for some indexes and minor wave 3 for others. A number of indexes are now reaching that target. Don’t forget it’s time to renew!!!
The 30 min SPX chart shows my favored count, which has been money for several months now, but the count will always take a back seat to the Alphahorn Swing System’s signals! What the count is calling for is a small grind up to R2 to complete wave [iii]. From there, I’ve shown several possible targets for wave [iv]. Should this count be correct, then the SPX should find support at or around one of those resistance levels.