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July 7th, 2010: Update 3 – Intra-day Mid-Day

Posted by pugsma on July 7, 2010

12:30pm EST:  Take another took another look at my SP-500 weekly chart going back to 2005 and we can see the massisive Inverse Head and Shoulders off the March 2009 low of 666 that is playing out according to script.  This P2 move down from 1220 to 1011 was required to form the second right shoulder.  Now once the complex neckline is broken above at 1100 and then the 1130 level it will confirm the next major bull market move higher towards 1300 by Dec 2010 and above 1575 some time in late 2011 or early 2012.

SP-500 Weekly Chart (7-7-10):

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