July 11th, 2013: Mid-day/EOD Update
Posted by pugsma on July 11, 2013
10:45 am EST: The primary count is that minute (3) of minor 3 is near completion at the 1675 target, where (3)=1.62*(1). There should be a minute (4) wave consolidation above 1654 support, before minute (5) of minor 3 heads for the 1701 target where minor 3 = 1.62*minor 1. Ultimately major [5]-P3-C1 should reach 1747, where minor 5=1 and likely 1775, where major [5]=0.62*[1]. However, keep in mind that any new high above 1687 will technically satisfy the major [5]-P3-C1 requirement.
Resistance is a the 1687 pivot area and support at 1654 and then 1623.
SP-500 15-min chart (mid-day):
SP-500 60-min chart (mid-day):
SP-500 4-hr chart (mid-day):
SP-500 daily chart (mid-day):
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