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August 20th, 2013: EOD Update

Posted by pugsma on August 20, 2013

4:50 pm EST:  Two of the three daily SPX Buy signals were triggered today after the close (i.e. $NYMO and SPX closing back inside their respective BB).  The VIX Sell, SPX Buy completed step 2 of the 3 step process and needs a red VIX tomorrow for the stop 3 confirmation.  Should the VIX confirm the SPX Buy signal, then the alternate (blue) count will have to be given serious consideration as the primary count.

Primary count is that minor B of major [C]-P4-C1 is headed for 1678 or a 50% retrace of minor A.

Alternate (blue) count is minor 1 of major [3]-P5-C1 is headed for 1709.

Alternate (red) count is that major [1]-PA-C1 is headed for the 1576 pivot.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 6-20-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 6-20-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 6-20-13

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