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 August 3, 2010
1:55 pm EST: Looks like a wave iv symmetrical triangle. Target is 1138. Of course a triangle like this can fail and the bottom could drop out for a c-leg down of wave iv. The down targets for the c-leg of wave iv would be 1114 if c=a or 1107 if c=1.62a. The 2nd target is interesting since it’s at the key 1102 to 1107 gap support area.
SP-500 15-min chart (1:50 pm):
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