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Monday, July 7th: SP-500 EOD Update

Posted by pugsma on July 7, 2014

7:30 pm EST:  Possible P3-C1 top at 1985.59.

The primary count is that P3-C1 topped at 1985.59.  However, it will take a break of 1972 (wave (4) low) and 1964 (wave (1) high) to begin to confirm the P3-C1 top.   A break of 1945 will fully confirm the P3-C1 top.

The alternate (blue) count 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.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

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

SP-500 4-hr chart (EOD):

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


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