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February 15th, 2013: EOD Update

Posted by pugsma on February 15, 2013

2-19-13, 2:15 pm EST:   Here is an SP-500 Daily Chart from the past year and half showing just how similar this P3-C3 bull run is to the P1-C3 bull run from Nov 2011 to May 2012.   Both the wave count and indicators are lining up almost perfectly.

SP-500 Daily Chart with Indicators (2-19-13):

PUG SP-500 Daily with Indicators 2-19-13

5:05 pm EST:  Today went as predicted for the primary count with wave y-ii-(3) of minor 5 of major [3]-P3-C3 re-testing the 1514 area.   Wave ii-(3) should be complete and a move up to 1540-1543 is underway.   There should be a “gap and go” above the 1524 pivot resistance on Tuesday with the US markets re-open after the President’s Day Holiday on Monday.  Ultimately major [3]-P3-C3 should reach at least the 1555 pivot and maybe higher if minor 5 extends.

The alternate (blue) that has minor 3 of major [3]-P3-C3 complete at 1524 is looking for a an aggressive drop down towards 1497 in wave iii-(a) of minor 4 early next week.  Ultimately minor 4 should reach the 1476 support area from the Sept 2012 high, before minor 5 up resumes heading for the 1555 pivot and above.

Remember the US Markets are closed on Monday. Enjoy your 3-day weekend.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-15-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 2-15-13

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