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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):

PUG SP-500 15-min chart EOD 7-22-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 7-22-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 7-22-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 7-22-14

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