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9.18.2012
The pullback's target area 1451.75-1446.37 is approaching
12.46 PM Update
Looks like 1456.13 holds. If it can hold till 2.00 PM, I think the pullback was done and We would see the
Wednesday in green.
The rise since
1329.24
is clearly motive impulse waves (5-waves non-overlap pattern).
The rise from
1396.56
is likely a wave 5 extended and my target would be
1494.00
.
The pre-market hints a continued pullback today to test the support
1451.75-1446.37
. At this support level I would like to add longs.
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