SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on August 2, 2011
11:55 pm EST: Here is the updated 5-min chart. The drop below 1274.73 means that major [2]-P5 must hold 1258 or the red alternate is confirmed. I’m watching the 88.6% retrace area of 1269 as a potential reversal.
SP-500 5-min chart (11:50 am):
SP-500 15-min chart (12:05 pm):
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