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 October 26, 2010
12:10 pm EST: Looks like a potential bearish rising wedge (bear flag) has formed on the 5-min chart. For the primary count, I’m expecting a about a 13 point drop from 1186 to 1173 for wave 3-iii of (a) later today going into to tomorrow. The SP-500 will have to break above 1191.44 to negate this count.
SP-500 5-min chart (12:05 pm):
This entry was posted on October 26, 2010 at 12:13 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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