Nov 24th, 2009: Morning Update – Key Levels to Watch
Posted by pugsma on November 24, 2009
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SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on November 24, 2009
SP-500 bounced off support at 1097 this morning. We need to watch any break below 1094 for confirmation of a trend change into the downward channel. And back above 1108, there is s good chance for a new high above 1113. In this current area between 1097 and 1108, I’m neutral.
1-min Chart:
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