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Sept 12th, 2013: EOD Update

Posted by pugsma on September 12, 2013

2:50 pm EST:  Primary count is that wave a-(4) of minor 1 of major [3]-P5-C1 completed today at 1682 and wave b-(4) bounced to 1688. There should be a wave c-(4) down to the 23% retrace to complete wave (4) at 1676 support.  From the wave (4) low, wave (5) should complete minor 1 in the 1690 to 1699, where (5)=(1) or (5)=1.62*(1).

The alternate (blue) count is the minor B of major [C]-P4-C1 topped at 1690 and the minor C wave headed for the C=A target of 1608 is underway.  The first wave (1) of minor C should reach the 1654 support area.  It looks like waves i-ii of (1) are in the books at 1682 and 1688.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart after 9-12-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart after 9-12-13

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