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December 2nd, 2013: SP-500 EOD Update

Posted by pugsma on December 2, 2013

5:10 pm EST:    For the primary count wave ii-(3) of minor 3 of major [5]-P3-C1 is underway and may have ended today at the c=a target of 1799, which is also a 38% fib retrace.  If wave ii-(3) extends then the next target is at 1792, where c=1.62*a, which is in-between the 50%/62% fib retrace of 1794/1790.  Note that wave ii-(3) of the primary count remains valid above the wave (2) low of 1777.   One wave ii-(3) completes, then the wave iii-(3) target is near 1850, where iii=1.62*i and the wave (3) target is at 1867, where (3)=1.62*(1).

The alternate (blue) count is that major [5]-P3-C1 topped at 1813 and that wave minor 1 of major [A]-P4-C1 is underway headed for a target near 1746.   Wave (1) of minor 1 completed at 1802 and wave (2) at 1810.  Wave (3) is now underway headed for a 1764 target, where (3)=4.21*(1).  The alternate (blue) count would become invalid on a move above 1813, before  break below 1777. 

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 12-2-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 12-2-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 12-2-13

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