5/14/10 - SPX AM Update [8:29 AM Update ]

[8:29 AM Update ]

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SPX - 5 MIN

SPX - 15 MIN ALT

Here are two charts from last night that I wanted to update. I made a mistake when drafting the 15 min chart. I had to reposition my minute [i] to 1133.22. This fits as the best count for this alternative.

Based on that alternate count, minute [iv] cannot exceed 1133.22 or there will be a 4-1 overlap.

Notice on the 5 min, my gray labels. That drop may be complete and could be the end for minute [iv] as per the 15 min alternate chart.

We will see shortly.