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July 30th, 2013: EOD Update

Posted by pugsma on July 30, 2013

3:15 pm EST:  Primary count now looks like triangle for minor 4 of major [5]-P3-C1 that has consolidated around the 1687 pivot.  The target for the completion of minor 5 remains at 1736, where minor 5=1.  Should the move up out of the triangle not be very strong, there is also a lower fib target at 1713, where minor 5 = 0.62*minor 1.  This lower target agrees with the triangle target of 1687 + (1699-1676) = 1710.  Note this minor 4 triangle count remains valid above 1676.

The alternate (blue) remains as a double Zig-Zag for minor 2 of major [5]-P3-C1 with (x) wave completing today at 1693.  The next move should be toward the 38% retrace fib of 1648 or the 50% fib retrace 1630.  There is also a potential head and shoulder top with neckline at 1672, the projects to 1645.  Note this minor 2 double ZZ count remains valid below 1699.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 7-30-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 7-30-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 7-30-13

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