September 14th, 2012: Update 1 – EOD
Posted by pugsma on September 14, 2012
5:35 pm EST: Quite the past two weeks. The SPX is up from 1397 to 1475 (+5.6%) since my “Giddy Up” call on Friday, August 31st.
The primary count is that major [3]-P3-C3 completed today at 1475. I’m now expecting a major [4]-P3-C3 move down to the fib retrace targets 1441 (23%) to 1420 (38%), which are very typical of a wave 4 retrace. The 1440 area is key pivot support and 1422 is the old high support from the spring of 2012.
I have updated the both the daily and weekly charts below for a longer-term view of the forecast.
Have a great weekend!
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 Daily chart (EOD):
SP-500 Weekly chart (EOD):
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.