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December 23rd, 2011: Afternoon/EOD

Posted by pugsma on December 23, 2011

2:55 pm EST:  And finally here are the updated 60-min, 4-hr, daily and weekly charts.  It’s nice to see the SP-500 back above the 200-day SMA (1259). 

Merry Christmas to all subscribers and their families!   See you back here on Tuesday, Dec 27th.

SP-500 60-min chart (2:50 pm):

SP-500 4-hr chart (2:50 pm):

SP-500 daily chart (2:50 pm):

SP-500 weekly chart (1:50 pm):

2:40 pm EST:  Here is the updated 15-min chart.

SP-500 15-min chart (2:36 pm):

1:50 pm EST:   If this rising wedge for wave (1) of minor 3 of major [3]-P1-C3 of the primary count doesn’t break down real soon into a wave (2) retrace to a least the 1245 pivot, then it looks like we’ll have a low volume a continual melt-up per the alternate (blue) count to a wave (3) target of 1295 going into the end of year.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=77ea29cb-605f-4b88-9258-4d03dacc020d

SP-500 5-min chart (1:40 pm EST):

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