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April 4th, 2013: EOD Update

Posted by pugsma on April 4, 2013

5:550pm EST:  Primary count is that minor B of major [4]-P3-C3 is ending as a simple (a)-(b)-(c)  Zig-Zag at the 50% retrace of 1562.  The next move should be a 39 point, 5-wave drop for minor C of major [4].  The target is 1523, where C=1.62*A.  There is pivot support at 1524 and the 23% retrace target for major [4] is at 1521.

The alternate (blue) count is that wave (3) of minor 3 of major [5]-P3-C3 is under-way off today’s wave (2) low of 1553.  The wave (3) target is at 1587, where (3)=2.62*(1).  Ultimately minor 3 should reach 1597 and minor 5 should reach 1614.  The alternate (blue) count becomes invalid on a break of today’s low of 1552.52 and then 1546.22.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-4-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-4-13

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