June 10th, 2013: EOD Update
Posted by pugsma on June 10, 2013
5:00 pm EST: Primary count is that wave (a) of minor B of major [4]-P3-C1 ended at 1649 toady and now wave (b) of minor B is headed for a 50% retrace target of 1624. Once wave (b) completes, wave (c) of minor B should head for the 1670-1675 area. This major [4]-P3 triangle will take several move weeks to a month to play out in waves minor C, D, and E before wave major [5]-p3 heads for a new high above 1687.
The alternate (blue) count is that wave minor X of major [4]-P3-C1 completed today near the 62% retrace target of 1653. The next move should be minor W toward a 1560 target where W=Y. The 38% retrace of major [4] target is 1527 and the wave 4 of lesser degree target is at 1535.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
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