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Dec 1st, 2009: EOD Charts

Posted by pugsma on December 1, 2009

Well, the SP-500 stopped just short of the 1113.69 previous high at 1112.28.  This keeps the primary count alive for now.   Wave (2) of [A] may have ended at 1112.28.  Now wave (3) of [A] should be underway with a target in the 1073 area.  But 1084 has to be taken out first.  Right now the SP-500 is ranged bounded between 1084 and 1113.

I will be watching for the SP-500 to target the 1095 to 1098 gap tomorrow morning.  However a break above 1113.69 will signal the wave iii of (3) of [5] of P1 is underway with a 1140 target completion.

15-min Chart:

60-mini Chart:

Daily Chart:

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