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Aug 2nd, 2011: Update 1 – Morning

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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