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    SCI-SCV, SCA-SCC: Super Cycle
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August 21, 2013: Mid-day/EOD Update

Posted by pugsma on August 21, 2013

12:45 pm EST:   The primary count is that minor A of major [C]-P4-C1 has extended lower to the original 1643 measured move target.  It’s possible that it could extend even lower but the wave structure looks good at the 1643 low.  The next move should be a minor B wave up to a 50% retrace target of 1676.

The alternate (blue) count is that major [2]-P5-C1 has hit 1643 and might still be looking lower for the 50% retrace target of 1634.  The next move after the major [2] low, will be a minor 1 of major [3] move up to challenge the old 1709 high.  The major [3]-P5 target is at 1779, where [3]=1.62*[1].

The alternate (red) count is that wave (3) of minor 3 of major [1]-PA-C2 is just getting underway with a 1596 target for the completion, where (3)=1.23*(1).  Ultimately, major [1]-PA should target the 1576 pivot.  This alternate (red) count remains valid unless the 1709 high is breached.

SP-500 15-min chart (mid-day):

PUG SP-500 15-min chart MD 8-21-13

SP-500 60-min chart (mid-day):

PUG SP-500 60-min chart MD 8-21-13

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