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July 26th, 2013: EOD Update

Posted by pugsma on July 27, 2013

Saturday 7/26, 12:40 pm EST:   The primary count is that Friday’s 1676 low ended the 3-wave corrective for minor 4 of major [5]-P3-C1.  Minor 5 wave up is underway headed for the minor 5=1 target of 1736.   Confirmation of this primary count comes on a move above the previous high of 1699.

The alternate (blue) count is that Friday’s low of 1676 ended a 3-wave corrective for minute (w) of minor 2 of major [5]-P3-C1.   The current move up is a minute (x) wave that must remain below the previous high of 1699.   Once the (x) wave is complete, wave (y) will make a new low below 1676 at either the 38% retrace target of 1648 or the 50% retrace target of 1630.  This will complete minor 2 and set-up a large move up to for minor 3.   The major [5]-P3-C1 target for this alternate (blue) count is a minimum of 1779 where P3-=P1 and likely much higher (see the 4-hr chart for details).

SP-50 15-min chart (EOD):

PUG SP-500 15-min EOD 7-26-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 7-26-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 7-26-13

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