PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

February 8th, 2013: EOD Update

Posted by pugsma on February 8, 2013

5:15 pm EST:  The more bullish alternate (blue) count for the SP-500 won out with the move and close above 1515 today.  It looks like there will be one more small wave up to the 1524 pivot resistance to complete wave i-(3) of minor 5 of major [3]-P3-C3.   From 1524, I’m looking for a wave ii-(3) retrace of about 50% to 1511 before wave iii-(3) pushes through the 1524 pivot resistance toward the 1555 pivot.  Ultimately I think minor 5 of major [3]-P3-C3 will complete in the 1555 pivot area by early to mid-March.

Enjoy your weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 2-8-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-8-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 2-8-13

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 2-8-13

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