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June 25th, 2013: EOD Update

Posted by pugsma on June 25, 2013

4:35 pm EST:  Primary count is that wave v-(1) of minor 1 of major [5]-P3-C1 is underway and is targeting the v=i = 1599 area, which is a major resistance point.   After wave (1) completes, wave (2) should re-test the 1576 pivot support.   Basis a wave (1) high at 1599, the wave(2) 50%/62% retrace target is at  1579/1575.   Ultimately, minor 1 of major [5] should reach the 1654 resistance area before a minor 2 retrace to the 1597 support.

The alternate (blue) count is that wave c-(b) of minor Y of major [4]-P3-C1 is underway with a c=a target at 1599, which is a major resistance point.   Once wave (b) completes, wave (c) should head below 1560.  There are targets for the completion of major [4] at Y=1.23*W at 1544, the 38% retrace of major [3] at 1527 and the (c)=(a) target of 1505.  Also the wave 4 of previous degree is 1536.

Near term resistance is at 1599 and support at the 1576 pivot.   Above 1599 the next resistance is at 1623 and then 1654.  below 1576 the next support is at the 1553 and 1524 pivots.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 6-25-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 6-25-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 6-25-13

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