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February 5th, 2013: EOD Update

Posted by pugsma on February 5, 2013

6:50 pm EST:  The primary count is that minor 4 is playing out as an ascending triangle with the wave (a) of minor 4 low at 1495 yesterday and (b) of minor 4 at 1415 today.  Next there should be a wave (c) down to about 1500 to 1505, a wave (d) back up to 1515 and then finally a small wave (e) to about 1510 to complete the minor 4 triangle over the next week.  From there minor 5 of major [3]-P3-C3 will launch higher towards the 1555 pivot target.

The alternate (blue) count is that minor 4 ended yesterday at 1495 and wave (1) of minor 5 of major [3]-P3-C3 is underway headed for the 1524 pivot resistance.  From there minor 5 will works its way higher to the 1555 pivot to complete major [3]-P3-C3.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 2-5-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-5-13

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