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Sept 27th, 2013: SP-500 EOD Update

Posted by pugsma on September 27, 2013

4:25 pm EST:  The original alternate (blue) is now the primary count having P3-C1 topped at 1730 and P4-C1 down has been underway since the 1730 high head for a 39% retrace of P3 at 1481.   The new alternate (blue) is that the major [5]-P3-C1 is playing as a larger ending diagonal where minor 3 of major [5] topped at 1730 and this current move lower is a minor 4 of major [5] wave headed for the 1660 area. Once complete minor 5 of major [5] will make a slightly higher, higher than 1730. P3=P1 target is a 1779.

For the primary count minor 1 of major [A]-P4-C1 should be ending here at the 1687 pivot leading to a move up for minor 2 to at least the 1709 pivot, which is a 50% retrace of minor 1.  From there minor 3 target is about 1639, where minor 3 = 1.62*minor 1.  Ultimately major [A]-P4 should target the 1600-1620 area in late Oct to mid-November.   Major [B]-P4 should bounce up towards the 1687 pivot going into the end of 2013 to be followed by the biggest drop in major [C]-P4 headed to 1480.

For the alternate (blue) count it looks like wave (b) of minor 4 of major [5]-P3-C1 played out as a triangle and now wave (c) of minor 4 is headed for a 1660 target where (c)=(a).  From there minor 5 of major [5] should make a new high above 1730.  The P3=P1 target is 1779.

Have a great weekend!

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 9-27-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 9-27-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 9-27-13

SP-500 Daily chart (EOD):

PUG SP-500 daily chart EOD 9-27-13

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