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June 25th, 2015: SP-500 EOD Update

Posted by pugsma on June 25, 2015

4:55 pm EST:   The VIX Buy, SPX Sell signal final step 3 confirmation was triggered today with the close of the VIX in the green (see chart below).

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 [2]-PA-C2 completed at 2130 just above the 88% retrace target of 2127.  The major [3] target is at [3]=2.62*[1] = 1964 target.  Within wave major [3], minor 1 is likely headed for the 2079 pivot area before a wave minor 2 bounce to 2104 and then a minor 3 of major [3] drop to the 1991 pivot, where mirror 3 = 2.62*minor 1.  Shorter term, wave (1) of minor 1 completed at 2119, wave (2) at 2125 and now wave (3) is headed for 2096, where (3)=2.62(1).   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 the final wave of minor C of major [5]-P5-C1 is underway off the 2072 major [4] low.  Within minor C, wave (1) completed at 2127 and wave (2) may have completed today near the 50% retrace of 2100 or could test the 62% retrace at 2093.  Once wave (2) is complete, wave (3) of minor C should test the ATH of 2135.  The minor C = 1.62*A target is 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 the major [4] low of 2072.

Have a great weekend !!!

15-min chart (EOD):

PUG SP-500 15min EOD 6-25-15

60-min chart (EOD):

PUG SP-500 60-min EOD 6-25-15

4-hr chart (EOD):

PUG SP-500 4-hr EOD 6-25-15

daily chart (EOD):

PUG SP-500 daily EOD 6-25-15

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