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Feb 16th, 2011: Update 2 – Morning

Posted by pugsma on February 16, 2011

11:30 am EST:  We can count 5 small sub-waves of v-(5) up to 1337.61.  We’ll see if that’s all of v-(5) for the primary or just wave 1-v-(5) for the alternate count (blue).

SP-500 5-min chart (11:25 am):

10:10 am EST:   Still in the green channel above key support (1325 and 1315) and climbing.   Added back the alternate count (blue) from yesterday that looks for v-(5) to reach 1346 (where v=.062*i) to 1359 (where v=i).

SP-500 5-min chart (10:04 am):

SP-500 15-min chart (10:05 am):

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