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October 17th, 2013: SP-500 Mid-day

Posted by pugsma on October 17, 2013

1:30 pm EST:   Both wave counts continue to unfold at expected; details of which are shown on the 15-min chart.  The key level to watch on the up-side is the alternate (blue) Ending Diagonal (ED) maximum of 1749.  Above 1749, only the primary count remains and the melt-up into the end of 2013 and early 2014 should continue to a P3-C1 top near 1861.  The key levels to watch on the down-side are 1714 and then 1696.  A move below 1696 and the alternate (blue) Ending Diagonal wave count would mean that P3-C1 topped at 1730 to 1749.

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

SP-500 15-min chart MD 10-17-13

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

SP-500 60-min chart MD 10-17-13

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

SP-500 4-hr chart MD 10-17-13

SP-500 daily chart (mid-day):

SP-500 daily chart MD 10-17-13

SP-500 weekly chart (mid-day):

SP-500 weekly chart MD 10-17-13

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