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October 24th, 2012: Update 1 – EOD

Posted by pugsma on October 24, 2012

5:00 pm EST:  Slightly lower low today at 1407.10 vs 1407.56.  Still looking for major [4]-P3-C3 low in the 1409 to 1391 range.   I have the C=1.23*A target at 1409 and the C=1.62*A at 1391.   Also, there is a (5)=1.62(1) target at 1401.  See the 15-min chart for count details.

Support at 1396, then the 1386 pivot.  Resistance at 1422-1427 and then the 1440 pivot.

SP-500 15-min chart (EOD):

SP-500 60-min chart (EOD):

SP-500 4-hr chart (EOD):

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