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July 3rd, 2014: SP-500 EOD Update

Posted by pugsma on July 3, 2014

2:50 pm EST:   The SP-500 hit a new all-time high of 1985.59 in today’s 4th of July Holiday shortened trading.

Primary count is that minute (5) of minor 5 of major [5]-P3-C1 is headed for a target at 1993, where (5)=(1).  This should complete the P3-C1 wave in July 2014 that began in October 2011.

The alternate (blue) count is that wave iii-(5) of minor 3 of major [5]-P3-C1 is underway headed for wave iii-(5) target at 2013, where iii=1.62*i.   The minor 3 target is 2050, where minor 3 = 1.62*minor 1 and the major [5] target is 2085, where [5]=[1].   Thus, P3-C1 should complete at 2085 in the August/September time frame.

Both wave counts remain valid above the 1944.69 level.

Note:  The US markets will be closed on Friday, July 4th in observance of the Independence Day Holiday.

House Keeping:  My Engineering job will be on a summer plant shutdown all of next week.   Beginning today I have 10 days off work from my engineering job.  I will be doing some travel with the family for part of next week.  Consequently blog updates will be sporadic next week.

Enjoy the 4th of July Holiday ! 

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 7-3-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 7-3-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 7-3-14

SP-500 daily chart (EOD):

PUG SP-500 dialy chart EOD 7-3-14

 

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