August 19th, 2013: EOD Update
Posted by pugsma on August 19, 2013
5:50 pm EST: Primary and alternate (blue) counts are looking for a minor A of major [C]-P4-C1 or minor C of major [2]-P5-C1 bottom in the 1643 or 1634 (50% retrace of major [1]) area, respectively. From there the primary count will see a 50% retrace to the 1676 area for minor B of major [C]-P4 before minor C of major [C]-P4 completes at 1610-1620. The alternate (blue) count will move aggressively higher and make a significant new high above 1709 at 1792 in major [3]-P5-C1.
The alternate (red) count is in the early states of wave (3) of minor 3 of major [1]-PA-C2. The target for wave (3) is down at 1594, where (3)=1.62*(1). This alternate (red) count should see a rapid 2 to 3 day sell-off down to the 1576 to 1553 pivots.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
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