June 19th, 2013: EOD Update
Posted by pugsma on June 19, 2013
4:55 pm EST: Primary count is that minor B of major [4]-P3-C1 contracting triangle ended at 1654, which was just short of the (c)=(a) 1659 target. Minor C down to the 1615 area is underway. Once minor C completes there will be a minor D wave up to the 1645 area and then a final minor E wave down to the 1630-1635 triangle pivot. This major [4] triangle count remains valid as long as minor C stays above the minor A low of 1598.
Alternate (blue) count is that minor X of major [4]-P3-C1 completed and now minor Y is underway headed for a Y=W target of 1565. The first wave (a) of minor Y should reach the 1597 support area.
In either case (primary or alternate) once major [4] completes in a week or two, major [5]-P3-C1 will head for a new high above 1687 with a target area near 1800.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
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