July 24th, 2013: EOD Update
Posted by pugsma on July 24, 2013
4:30 pm EST: The primary count is that wave (2) of minor 5 of major [5]-P3-C1 completed today at the 62% retrace target of 1682. The next move should be a wave (3) of minor 5 wave up to 1726, where (3)=1.62*(1). Ultimately wave (5) of minor 5 should reach at least the minor 5=1 target of 1732 and possibly the minor 5 =1.62*1 target of 1769. Note the primary count remains valid above the minor 4 low of 1672.
The alternate (blue) count is that P3-C1 has topped at 1699 and (1) of minor A of major [A]-P4-C1 is underway headed for the ending diagonal beginning point near 1648. A move above 1699 will invalid the alternate (blue) count.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
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