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June 19th, 2014: SP-500 EOD Update

Posted by pugsma on June 19, 2014

5:00 pm EST:  The primary count is that wave v-(c) of minor 5 of major [5]-P3-C1 is headed for the v=i target of 1968.  The major [5]-P3-C1 Ending Diagonal (ED) maximum is at 1973 and thus with an intra-day move above 1973 and the alternate (blue) count will take over as the primary.

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 6-19-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 6-19-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 6-19-14

 

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