September 25th, 2015: SP-500 Mid-day Update
Posted by pugsma on September 25, 2015
12:55 pm EST: The SP-500 price remains at an inflection point, trapped below the falling 13-day EMA (1955) and 34-day EMA (1985). Below those levels the primary (red) count is the higher probability ST (1-2 weeks) outcome looking for a move down below 1867 over the next couple of weeks. Above the 34-day EMA (1985) the alternate (blue) count move up to 2033 into mid-October is the more likely ST outcome. In either case the IT (3 to 6 months) and LT (6 months to 1 year) trend is down toward a Cycle 2 (C2) low near the year 2007 high of 1575.
Have a great weekend !!!
SP-500 15-min chart (mid-day):
SP-500 60-min chart (mid-day):
SP-500 4-hr chart (mid-day):
SP-500 daily chart (mid-day):
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