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Mar 15th, 2011: Update 4 – Afternoon

Posted by pugsma on March 15, 2011

2:15 pm EST:  Updated 60-min chart.

SP-500 60-min chart real-time link: http://www.freestockcharts.com?emailChartID=013ea497-56be-49ff-9765-767a7c456c3e

SP-500 60-min chart (2:11 pm ):

2:05 pm EST:  So far the 1261.12 low is holding and the bounce has reached 1280.32.  If the 1261.12 low holds and the bounce can breach 1286.37 intra-day, then it will signal the low for major [4]-P3 has likely been put in, which is my alternate count (blue).   But if the 1286.37 area is not breached, then we could get a lower, low for wave v-(5) of C-[4]-P3 in the 1251/1257 area.

SP-500 5-min chart real-time link:  http://www.freestockcharts.com?emailChartID=29af9912-040a-4201-bfe0-fa0278f585c5

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=a7f2faeb-42a8-4e8b-943f-f40d0ae3fac1

SP-500 5-min (1:57 pm): 

SP-500 15-min chart (1:58 pm):

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