PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

June 4th, 2013: EOD Update

Posted by pugsma on June 4, 2013

4:25 pm EST:   In favor the primary count is that the VIX completed step 2 of the 3 step VIX Sell, SPX Buy process today by closing back inside its upper BB.  Now all that remains is step 3, which requires a red VIX close tomorrow.  The $NYMO also closed back inside its lower BB again today, which is a SPX Buy signal for the 2nd day in a row.  The $NYMO is oversold at below -60 and this condition can lead to an extremely powerful SPX rally, which again agrees with the primary count calling for a move back up to 1687 over the next few days to a week.

No change in either of the primary or alternate (blue) counts from yesterday’s June 3rd update.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 6-4-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 6-4-13

Sorry, the comment form is closed at this time.