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February 21st, 2014: SP-500 Mid-day/EOD Update

Posted by pugsma on February 21, 2014

1:15 pm EST:  Minor 2 (primary count) or minor 4 (alternate count) of major [5]-P3-C1 may have ended yesterday at 1824 as a simple zig-zag or may need another few days to complete as a flat that will re-test the 1814 pivot area.  The flat count would work best or minor 2 of the primary count as it would allow more time for the ST oscillators on the 15-min and  60-min charts to reset  before launching higher in a minor 3 wave.  However, as is often the case after an important low (like the 1738), the push higher is relentless and just grinds higher without significant retracement.

Have a great weekend.

SP-500 15-min chart (mid-day):

PUG SP-500 15-min chart MD 2-21-14

SP-500 60-min chart (mid-day):

PUG SP-500 60-min chart MD 2-21-14

SP-500 4-hr chart (mid-day):

PUG SP-500 4-hr chart MD 2-21-14

SP-500 daily chart (mid-day):

PUG SP-500 daily chart MD 2-21-14

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart EOD 2-21-14

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