Dec 10th, 2009 – EOD Chart
Posted by pugsma on December 10, 2009
Update (4:30 pm): Key Levels to Watch Tomorrow: 1110 Up and 1096 Down.
Nothing has changed since the afternoon update. Maybe the drop to 1098 was all we are going to get for the the alternate count wave 2 and the gap to 1096 won’t fill or we could drop down slightly to 1096 in the morning to complete the wave 2 down. We could gap up at the open tomorrow in a massive wave 3 if the alternate count is correct. Or we could gap down in a massive wave (3) if the primary is correct. Ain’t it fun how the market always keeps us on the edge of our seat over night? 😉
The SP-500 did manage to close above the 20-day SMA of 1101 today, so that’s bullish trending toward the alternate count.
5-min Chart:
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