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Dec 22nd, 2009: EOD Charts – New 2009 Closing High of 1118

Posted by pugsma on December 22, 2009

My thinking is the same as the morning update.  Wave (3) of 5 of 1 of [5] of P1 is complete at 1120.  Wave (4) should retrace to about 1110 to 1112.  And Wave (5) should take the SP-500 to between 1120 and 1140.

As, I stated this morning there is an alternate count (purple) that has wave (5) of 1 of [5] of P1 complete at 1120 today.  I give this altenative count about 25% probability versus the primary count.

1-min Chart:

15-min Chart:

60-min Chart:

Daily Chart:

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