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March 11th, 2014: SP-500 EOD Update

Posted by pugsma on March 11, 2014

4:30 pm EST:  The primary count is that wave (2) of minor 3 of major [5]-P3-C1 is playing out as a flat that either ended today at 1864 near the c=a target of 1865 and the 38% retrace of 1865 or will continue a bit lower tomorrow to the c=1.62*a target of 1855 and the 62% retrace of 1853.  Once minute (2) ends, the minute wave (3) will move toward the (3)=1.62*(1) target of 1936 to 1945.   Primary count remains valid for wave (2) above the minor 2 low of 1834.

The alternate (blue) count is that wave minor  2 of major [5]-P3-C1 is underway headed for the 50%/62% retrace target of 1812/1794.  This frist wave down is wave minor (a) of minor 2 and will likely find support near the 1849 pivot before a wave (b) bounce.  The alternate (blue) count is invalid above 1884.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 3-11-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 3-11-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 3-11-14

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