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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):

PUG SP-500 15-min Chart MD-7-11-13

SP-500 60-min chart (mid-day):

PUG SP-500 60-min Chart MD-7-11-13

SP-500 4-hr chart (mid-day):

PUG SP-500 4-hr Chart MD-7-11-13

SP-500 daily chart (mid-day):

PUG SP-500 Daily Chart MD-7-11-13

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