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Jan 28th, 2011: Update 2 – Morning

Posted by pugsma on January 28, 2011

10:25 am EST:  Updated 15-min chart.

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=73cd59ce-d9f8-4a9d-9299-24fc944651cb

SP-500 15-min chart (9:20 am):

10:05 am EST:  Possible completion of iii-(5) at 1302.67 or wave v-(5) of the alternate count.   For the primary count, I’m looking for wave iv-(5) to hold above 1291 pivot support and then test the 1315 pivot next week.  For the alternate count, the SP-500 is headed for the 1257 pivot in a minute degree (a)-(b)-(c) corrective wave 4-[3]-P3 over the next few weeks.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=db86a68a-142d-446d-9500-4ec33d1f5e79

SP-500 5-min chart (9:02 am):

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