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December 31st, 2013: SP-500 EOD Update

Posted by pugsma on December 31, 2013

4:35 pm EST:  It’s entirely fitting that the SP-500 would close 2013 making yet another new all-time high of 1849.   The year 2013 was one for the record books with the SP-500 gaining nearly 30% moving up 422 points from 1426 on Dec 31st, 2012 to close the year on Dec 31st, 2013 at 1848.  The year 2013 also concludes the 4th year of the PUG Stock Market Analysis premium service.  It’s been wonderful Bull Market ride from my first blog post in late October 2009 calling for the SP-500 to rise from 1020 to above its Oct 2007 high of 1575 in a new cyclical bull market (i.e. namely Cycle 1 of Super Cycle V).  Not many (if any) believed the PUG SMA SP-500  forecast back then.  The followers were under 30 and the doubters were in the 1000’s based on the early blog comments in late 2009.  Now with over 2000 blog posts and nearly 10 million blog visits PUG SMA is proud to have been right (and then some) on the SP-500 forecast.  🙂

The primary count is that wave v-(1) of minor 5 of major [5]-P3-C1 is playing out with a target area of v=0.62*v at 1866. Once wave (1) completes early in 2014, there should be a 38%/50% retrace to the 1829/1817 area to back-test the 1814 break-out before wave (3) of minor 5 rises above 1900.  The ultimate target major [5]-P3-C1 should be the 1941 to 1974 area, where P3=1.23*P1 and  major [5]=[1].

I hope everyone has a safe a Happy New Years celebration tonight !!!

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 12-31-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 12-31-13

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 12-31-13

SP-500 Daily chart (EOD):

PUG SP-500 daily EOD 12-31-13

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