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June 13th, 2013: EOD Update

Posted by pugsma on June 13, 2013

5:00 pm EST:  Per the primary count the wave (b) of minor B of major [4]-P3-C3 low was put today at 1608, which was a 78% retrace target and just below the c=a prediction of 1614.   From the wave (b) low, the primary count called for wave (c) of minor B to get underway and head for the (c)=(a) target of 1659.  Today’s 31 point move up from 1608 to 1639 looks like an impulse wave (c) that should play-out as 5 waves up to 1659.  From there we still have minor C down to 1615-20, minor D up to 1645-50 and final minor E down to 1630 to complete the major [4] triangle over the next several weeks to a month.  From the minor E of major [4] triangle low there will then be an impulsive major [5]-P3-C1 move up to 1800+ heading into the end of 2013 to early 2014.

The alternate (blue) count has been modified to show 3-wave minor X of major [4]-P3-C1 still underway with wave (c) of minor X headed for 1659, where (c)=(a).  Once wave minor X completes, there will a large 3-wave move down for minor Y to complete major [4] at the Y=W target of 1570 or the Y=1.23*W target of 1560.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

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

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 6-13-13

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