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

«
»

Sept 12th, 2013: EOD Update

Posted by pugsma on September 12, 2013

2:50 pm EST:  Primary count is that wave a-(4) of minor 1 of major [3]-P5-C1 completed today at 1682 and wave b-(4) bounced to 1688. There should be a wave c-(4) down to the 23% retrace to complete wave (4) at 1676 support.  From the wave (4) low, wave (5) should complete minor 1 in the 1690 to 1699, where (5)=(1) or (5)=1.62*(1).

The alternate (blue) count is the minor B of major [C]-P4-C1 topped at 1690 and the minor C wave headed for the C=A target of 1608 is underway.  The first wave (1) of minor C should reach the 1654 support area.  It looks like waves i-ii of (1) are in the books at 1682 and 1688.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart after 9-12-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart after 9-12-13

This entry was posted on September 12, 2013 at 2:53 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»
 
%d bloggers like this: