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Mar 30th, 2011: Update 1 – Mid-day

Posted by pugsma on March 30, 2011

1:30 pm EST:   The 1332 resistance could be the end of wave i-(3) of minor 3-[5]-P3.  I have tentatively placed a i? there for the time being.  Any pull-back should hold above the newly formed 1319/1323 gap.  Remember the wave (3) target is the 1363 pivot area over the next week or so.

SP-500 5-min chart (1:30 pm):

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