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May 10th, 2013: EOD Update

Posted by pugsma on May 10, 2013

4:40 pm EST:   The SP-500 appears to have not completed this move up.  For the primary count it looks like wave (5) of minor 5 of major [5]-P3-C3 is underway of today 1623 wave (4) low.  The target is 1640 where major [5]=0.5*[1].  Once major [5]-P3-C3 ends early next week, there should be a minor 1 of major [A]-P4-C3 move down to towards 1600.

For the alternate (blue) count minor 3 of major [5]-P3-C3 is moving higher to the 1645, where M3=1.23*M1.  From there a minor 4 correction should re-test 1623 before minor 5 complete at the 1667 target, where major [5]=0.62*[1].

I’m headed off to attend the Chicago Bulls versus Miami Heat NBA play-off game with my youngest tonight.   My son is a big-time Lebron James and Miami Heat fan.  Tickets to tonight’s Game 3 in Chicago is his 17th birthday present from me.   Have a great weekend !

SP-500 15-min chart (EOD):

SP-500 15-min EOD 5-10-13

SP-500 60-min chart (EOD):

SP-500 60-min EOD 5-10-13

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