Count Update - Sept 1

Here are my current short term and micro counts for the SPX. On the short term count notice the last impulse forms a falling wedge, as well as dancing on the the lower downsloping pink trendline. This says to me that tomorrow should be a reversal day, probably up quite a lot. It might try to attack the 1015-1020 area.





Financials.

**LOTS** of bearish developments. The broken GS wedge that I was discussing this weekend is now even more broken. But now we have a broken XLF wedge and the BAC "wedge of death" is now turning into the BAC **WEDGIE OF DEATH** (copyright, binve enterprises, Sept. 2009).... :) (just kidding)