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Apr 5th, 2011: Update 1 – Morning

Posted by pugsma on April 5, 2011

3:45 pm EST:  Here is an update to the 5-min chart with the wave iv-(3) ascending triangle count (shown in blue).  Ultimately there is no difference between the descending and ascending triangle wave iv-(3) counts as both project to the 1347 to 1351 area for wave v-(3).

SP-500 5-min chart (3:40 pm):

11:10 am EST:  Updated 15-min chart with wave v-(3) break-out of the wave iv-(3) descending triangle pattern.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=5506a43a-9725-4b40-88f6-4a03d7bb721a

SP-500 15-min chart (11:05 am):

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9:55 am EST:  Possible wave iv-(3) descending triangle with flat bottom at the 1329 gap support. 

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=35103014-edf8-4f73-bee9-d2b30a84479e

SP-500 5-min chart (9:50 am):

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