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Sept 20th, 2013: Mid-day/EOD Update

Posted by pugsma on September 20, 2013

1:10 pm EST:  At 1730 we have valid candidate for the top of P3-C1 per the alternate (blue) count.  A break below the 1687 pivot area (1680-1694) would make this alternate (blue) count the primary.

Primary count is that wave (4) of minor 5 of major [5]-P3-C1 is headed for the 23% retrace of 1709.  There is also a c=1.62*a target for wave (4) at 1709.  There is also a deeper wave (4) retrace target at the 38% retrace of 1696.   Once wave (4) is complete, wave (5) of minor should ended for a marginal new high above 1730 with target ranging from 1744 to 1764.  The P3=P1 target is at 1779.

The alternate (blue) count has P3-C1 topped at 1730 and Primary Wave 4 (P4) underway headed for the 38% retrace of 1480. The first major [A] wave down side target is the 1620 area.

Have a great weekend !!!

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

PUG SP-500 15-min MD 9-20-13

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

PUG SP-500 60-min MD 9-20-13

SP-500 4-hr chart (mid-day):

PUG SP-500 4-hr MD 9-20-13

SP-500 weekly chart (mid-day):

PUG SP-500 weekly MD 9-20-13

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