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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):

PUG SP-500 15-min chart EOD 6-18-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 6-18-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 6-18-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 6-18-14

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