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September 12th, 2012: Updat 1 – EOD

Posted by pugsma on September 12, 2012

5:10 pm EST:  There is absolutely no-chage in the wave count or ST/IT forecast based today’s small range price action.   You can review the text from yesterday and the updated charts for details of the wave counts.   Although I will say the likelyhood of one more push up to 1448 for wave v-(1) of minor 3 of major [3]-P3-C3 does look more likely after day today’s price action looks more like a wave iv-(1) ascending triangle that a b-wave of minor (2) of minor 3 of major [3]-P3-C3.

Support is at 1422-27 and resistance at the 1440 pivot (1440 +/- 7 points).

SP-500 15-min chart (EOD):

SP-500 60-min chart (EOD):

SP-500 4-hr chart (EOD):

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