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.

«
»

March 12th, 2014: SP-500 EOD Update

Posted by pugsma on March 12, 2014

3:25 pm EST:  The primary count is that wave (2) of minor 3  of major [5]-P3-C1 bottomed today at 1854, which was the 62% retrace.  Wave (3) up is underway with a target of 1935, where (3)=1.62*(1).  The first wave i-(3) up should reach the 1884 area. This primary count remains valid above 1854.

The alternate (blue) count is that wave (w) of minor 2 of major [5]-P3-C1 bottomed today at 1854.  The wave up is wave (x) of minor 2 that should reach the 62%/78% retrace of 1870/1877 before wave (y) of minor 2 drops to the 1814 pivot area.  This alternate (blue) count remains valid below 1884.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 3-12-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 3-12-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 3-12-14

This entry was posted on March 12, 2014 at 4:24 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.

«
»