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May 30th, 2013: EOD Update

Posted by pugsma on May 30, 2013

4:05 pm EST:  The primary count is that contracting triangle wave (4) completed wave d-(4) of minor 5 of major [5]-P3-C1 today at 1662.  There should be a small wave e-(4) down to about 1645-1650, before wave (5) heads for a new high above 1687.  The lowest wave (5) target is at 1694-1696  and the highest target is near 1734.  The primary count would become invalid with a move below 1635.

The alternate (blue) is that wave ii-(3) of minor A of major [4]-P3-C1 completed today at the 62% retrace of 1662.   The next move should be a wave iii-(3) move down to a target area of 1607, where iii=1.62*(1).  The wave (3) target is at 1590, where (3)=1.62*(1) and the minor A target is the 1576 to 1596 support range.  The alternate (blue) count would become invalid with a move above 1674.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 5-30-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 5-30-13

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