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August 15th, 2012: Update 1 – EOD

Posted by pugsma on August 15, 2012

4:00 pm EST: Today’s SPX lack-luster price action did not change the ST or IT counts.  Although I do think the odds increased the SPX might try to make one more stab at the wave (5) rectangle target of 1418 by both counts (see the 15-min chart for details).

SP-500 15-min chart (EOD):

SP-500 60-min chart (EOD):

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