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Sept 24th, 2013: EOD Update

Posted by pugsma on September 24, 2013

4:55 pm EST:   Primary count is that wave (4) of minor 5 of major [5]-P3-C1 is playing out as a double zig-zag and has either ended near the close today at 1697 or will make a slightly lower, low below 1695 tomorrow morning.  The wave (5) of minor 5 targets are (5)=1.23(1) at 1734 to (5)=1.62(1) at 1747.  There is also a P3=P1 target at 1779.

The alternate (blue) count is that minor 1 of major [A]-P4-C1 ended today at 1695. The move up to 1707 was wave (a) of minor 2 and the move down to 1697 this afternoon was wave (b) of minor 2.  I’m excepting a wave (c) of minor 2 move up to the 50%/62% retrace target of 1713/1717.  Any move above 1730 for minor 2 will invalidate this alternate (blue) count and confirm the primary count.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 9-24-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 9-24-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 9-24-13

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