PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

March 20th, 2013: EOD Update

Posted by pugsma on March 20, 2013

3:55 pm EST:   The move up above 1552 today eliminated the double ZZ primary count for major [4]-P3-C3.  However there are several other variants for the primary count for major [4], like a simple flat (minor B ends near 1564 and then a drop to 1538 to complete minor C), an expanded flat (minor B reach 1564 to 1570 and then a drop to 1525 to 1531 for minor C), or even a triangle that stays range bound between 1538 adn 1564 for another week.

And of course the alternate (blue) is still valid that has major [3]-P3-C3 continuing on up to a 1578 to 1590 target area before we see the real major [4]-P3-C3 correction.

It will take time and more waves to sort it all out.

SP-500 15-min chart (EOD):

SP-500 15-min chart EOD 3-20-13

SP-500 60-min chart (EOD):

SP-500 60-min chart EOD 3-20-13

Sorry, the comment form is closed at this time.

%d bloggers like this: