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March 31st, 2014: SP-500 EOD Update

Posted by pugsma on March 31, 2014

4:25 pm EST:  Today’s price action makes the bullish primary count outcome much more likely than the alternate (blue) count.  The month-long trading range of 1834 to 1884 could be broken as soon as tomorrow.

Primary count is that minor 5 of major [5]-P3-C1 is headed for 1941 to 1953.  Wave iii-(1) of minor 5 is underway and headed for a 1900 target, were iii=4.21*i.  Wave (1) should reach 1905-1910.  The primary count remains valid above 1834, which is the wave (a) of the minor  4 ascending triangle low.

The alternate (blue) count is that P3-C1 topped at 1884 and that first down leg major [A]-P4 is underway headed for the 1775 pivot.  The initial move down to 1850 looks like wave minor 1.  Wave minor 2 is playing out as a flat that must end here at 1876 (78% retrace) or 1880 (88% retrace).  Once wave 2 ends, wave minor 3 down is headed to a 1787 target, where minor 3 = 2.62*minor 1.    The alternate (blue) count remains valid below the 1884 level.

House Keeping:  If you are quarterly subscriber your Q1-2014 subscription ends today, Monday March 31st.   You have two choices to continue service: 1) pay $120 for Q2-2014 (Apr-June) or $270 for the balance of 2014.  The 2nd choice is at the discounted annual rate of $30 per month versus the $40 per month rate.  Here is the credit card (Visa, Master Card or Discover accept, American Express does now work with Authorize.net) payment link: http://pugridironsma.blogspot.com/

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 3-31-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 3-31-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 3-31-14

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