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July 1st, 2013: EOD Update

Posted by pugsma on July 1, 2013

4:30 pm EST:  For the primary count it looks like minor 1 of major [5]-P3-C1 completed today at 1627, where (5)=(1).   The minor 2 pull-back targets range from 1602 (38% retrace) to 1585 (62% retrace).  Once minor 2 completes, minor 3 will head for a new high above 1687.   A move bellow 1585 would indicative of the alternate (blue) count playing out with a breach of 1560 being decisive for the alternate (blue) count.

The alternate (blue) count has wave (b) of minor Y of major [4]-P3-C1 complete and wave (c) of minor Y is underway headed for a (c)=(a) target of 1533, which agrees with the 38% retrace of major [3] at 1527.  There is also the wave 4 of previous degree target at 1536.  A move above 1627 would be indicative of the primary count playing out with a breach of 1654 being decisive for the primary count.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 7-1-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 7-1-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 7-1-13

This entry was posted on July 1, 2013 at 4:29 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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