Apr 6th, 2011: Update 1 – Morning
Posted by pugsma on April 6, 2011
10:05 am EST: Updated 5-min chart showing 1332/1336 gap support.
SP-500 5-min chart (10:02 am):
9:55 am EST: Here is a quick morning update. The SP-500 has broken slightly above the 1338 consolidation triangle resistance to 1339.38, but is having some trouble with the 1340/1344 gap resistance from the decline off the Feb 18th peak of 1344. The target for this wave v-(3) is 1347 to 1351. And then I think wave (4) may back-test the 1338/1340 break-out area late this week before (5) of minor 3-[5]-P3 heads toward the 1363 pivot next week for OPEX Friday (4/15).
SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=7acf3d3b-e100-4ecf-a2d0-18a0afc02e44
SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=6d47ee63-9c48-46b3-8513-b3e342748236
SP-500 5-min chart (9:44 am):
SP-500 15-min chart (9:44 am):
Sorry, the comment form is closed at this time.