For the primary count minute wave (5) of minor 1 of major 5-P3 is underway heading for the at least 1627 and move likely 1643. There will then be a retrace for minor 2 back to 1600 support before minor 3 makes a new high above 1687. Initially I have a minor 3 target at about 1736. Ultimately, the major 5-P3 target is at 1775 sometime late 2013 to early 2014.
The alternate count is that minute wave (b) of minor Y of major 4-P3 topped at 1620.07 and that minute (c) is underway headed for 1526. Any move above 1520.07 would invalid this count and further strengthen the primary count. Note that 1618 was the 62% retrace for wave (b) and thus any move higher that 1620-1623 resistance makes the alternate count much less likely.
The alternate count is that minute wave (b) of minor Y of major 4-P3 topped at 1620.07 and that minute (c) is underway headed for 1526. Any move above 1520.07 would invalid this count and further strengthen the primary count. Note that 1618 was the 62% retrace for wave (b) and thus any move higher that 1620-1623 resistance makes the alternate count much less likely.