June 18th, 2014: SP-500 EOD Update
Posted by pugsma on June 18, 2014
5:35 pm EST: A quick EOD update. Even with today’s new high above 1956, the primary count can be re-label and remain valid up to maximum of 1973 for the Ending Diagonal Major [5]-P3-C1. With a little re-arranging of the count the primary count looks good with a v=i target of 1968 to complete v-(c) of minor 5 of major [5]-P3-C1. Above 1973 the alternate (blue) count takes over.
Alternate (blue) count unchanged from today’s mid-day update. The alternate (blue) count is that wave minute (4) of minor 3 of major [5]-P3-C1 completed at 1926. Wave minute (5) is underway headed for a (5)=(1) target of 2003 to complete minor 3. There is also a minor 3 = 1.23*minor 1 fib extension target at 1994. Once minor 3 completes, minor 4 should retrace 23% back down to the 1956 pivot before minor 5 of major [5]-P3-C1 completes near the major [5] = [1] target 2085.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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