May 7th, 2013: EOD Update
Posted by pugsma on May 7, 2013
4:25 pm EST: No change in the wave counts from yesterday. See the 15-min chart for the details.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
AAPL: AAPL may have peaked in minor 1 of major [1]-P5 today at 466 near the (5)=(1) target. There is also potential Inverse Head and Shoulders forming with left shoulder at 419, head at 385, neckline 470, and now a right shoulder at 425-434 (i.e. minor 2 wave). IHS target is 555 on break above 470.
AAPL 60-min chart (EOD):
GLD: GLD is still trying to decided between the primary and alternate counts. A break below 135.11 before above 143.43 brings the primary count calling for a new low below 130.51 to complete P4. A break above 143.43 before below 135.11 brings the alternate count calling for wave minor 1 of major [1]-P5 to 146.5.
GLD 60-min chart (EOD):
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