February 8th, 2013: EOD Update
Posted by pugsma on February 8, 2013
5:15 pm EST: The more bullish alternate (blue) count for the SP-500 won out with the move and close above 1515 today. It looks like there will be one more small wave up to the 1524 pivot resistance to complete wave i-(3) of minor 5 of major -P3-C3. From 1524, I’m looking for a wave ii-(3) retrace of about 50% to 1511 before wave iii-(3) pushes through the 1524 pivot resistance toward the 1555 pivot. Ultimately I think minor 5 of major -P3-C3 will complete in the 1555 pivot area by early to mid-March.
Enjoy your weekend !
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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