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Friday, November 23, 2012

11/23/12 - EOD Update

SPX - 15 Min 
I adjusted the gray count slightly to reflect the impulsiveness of this wave up. There is an inverted head and shoulders target near 1435, which suggest a test of the 50 day SMA.

I like the gray option as the primary at the moment.

The daily chart below shows the confirmed daily MACD bull cross and the 50 day overhead.
We'll see what happens once it gets there.

SPX - 60 Min 

SPX - Daily

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