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Aug 6th, 2010: Update 2 – Morning

Posted by pugsma on August 6, 2010

9:45 am EST:  Update 15-min chart.  Trying to hold the 200-day SMA of 1115. 

SP-500 15-min chart (9:40 am):

9:40 am EST:  Here is the updated 60-min chart with the MACD Oscillator.  Be watching for the MACD histogram bars for a bottom and turn around, then a move above the zero line for a change in direction of the market.  This could signal the end of wave 2-(3) of the primary count.

SP-500 60-min Chart withi MACD real-time link: http://www.freestockcharts.com?emailChartID=24279bb5-8fc7-4f0b-b300-6d7bcb7c1b7e

SP-500 60-min Chart with MACD (9:35 am):

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