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June 23rd, 2015: SP-500 EOD Update

Posted by pugsma on June 23, 2015

5:10 pm EST:  The VIX Buy, SPX Sell signal triggered step 1 today with the VIX closing at 12.20 vs a lower BB of 12.23.  Signal confirmation requires the VIX to close back above the lower BB tomorrow (step 2) and a green VIX on Thursday (step 3) for full confirmation.

http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=7&g=0&id=p88512801943&a=269536931&r=1410958141020&cmd=print

The primary count is that major [1]-PA-C2 completed at 2072.  Wave major [2] played out as a flat that completed at 2030 just above the 88% retrace area of 2127.   Once major [2] complete, the major [3] target is at [3]=2.62*[1] = 1964 target.  Ultimately PA-C2 should test the 1926 pivot to 1884 pivot area, which is a 62%/78% retrace of the P5-C1 ending diagonal.  The primary count remains valid for major [2] below the P5-C1 high of 2135.

The alternate (blue) count is that major [4]-P5-C1 completed at 2072 as a simple minor A-B-C.  Wave minor A of major [5] completed at 2115.   Wave minor B  retraced nearly all of minor A back down to 2072.   Minor C should be underway and will complete major [5]-P5-C1 of Ending Diagonal near the P5=0.5*P1 = 2172 target.  Within minor C wave have wave (1) complete at 2104, wave (2) complete at 2089 and now wave (3) is underway, headed for at least 2141, where (3) = 1.62*(1).   Note that there is minor C = 1.62*A target at 2142.  Also basis the major [4] low of 2072, the ED maximum is 2074 + 154 = 2226 (as for an ED wave [5] < [3] < [1]).  The alternate (blue) remains valid above the major [4] low of 2072.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 6-23-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 6-23-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 6-23-15

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 6-23-15

SP-500 weekly chart (EOD):

PUG SP-500 weekly EOD 6-23-15

 

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