July 22nd, 2014: SP-500 EOD Update
Posted by pugsma on July 22, 2014
3:35 pm EST: New All-Time High (ATH) was set on the SP-500 today at 1986.24. The Bulls are in charge and the trend across all time frames is higher. I’m expecting to see the SP-500 above 2000 my the middle of next week, if not sooner.
Primary count is looking great and there is a new alternate (blue) count variant of the primary count that will allow the SP-500 to continue as high as it wants into the end of the year, even reaching the P3=1.62*P1=2215 target. The alternate (blue) has this current move up above 2000 as only the conclusion of minor 3 of major [5]-P3-C1 and not the minor 5 of major [5]-P3-C1 termination point.
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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