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December 6th, 2012: EOD Update

Posted by pugsma on December 6, 2012

6:15 pm EST: The primary count is that wave (2) of minor 3 of major [3]-P3-C3 low was at 1398 yesterday, the move up to 1316 would be wave i-(3), and the move down to 1406 today was wave ii-(3). I’m expecting a wave iii-(3) move up to 1453, where iii=2.62*i. And the wave (3) target remains at 1461, where (3)=1.62(1).

For the alternate (blue) count the move up to 1416 looks like a triangle for (b) of minor 2 of major [3]-P3-C3 . The next move will be a wave (c) of minor 2 down to the 1390, where (c)=(a) or 1374, where (c)=1.62(a). There are also the 38% and 62% retrace targets at 1393 and 1374, respectively.

The next decisive move above 1416 (primary) or below 1406 (alternate) should set the short-term count direction.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 12-6-12

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 12-6-12

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 12-6-12

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