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April 1st, 2014: SP-500 Mid-day/EOD Update

Posted by pugsma on April 1, 2014

10:35 pm EST:  As forecast by the primary wave count the SP-500 hit an all-time new high of 1884.60 today and is now poised to make a move to 1941 to 1953 or even higher to 2085.

The primary wave count is that wave iii-(1) of minor 5 of major [5]-P3-C1 is underway headed for 1900, where iii=4.21*i.   The wave (1) target is 1905-1910.  Ultimately [5]-P3-C1 should reach 1941, where P3=1.23*P1 to 1953, where major [5]=0.62*[1].

The new more bullish variant of the primary count is an alternate (blue) count that has the consolidation during March as minor 2 flat for major [5]-P3-C1.  Meaning minor 3 up is underway and headed above 2000, to where minor 3 = 1.62*minor 1 at 2078.  There is major [5]=[1] target at 2085 and P3=1.62*P1 at 2215.

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

PUG SP-500 15-min chart MD 4-1-14

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

PUG SP-500 60-min chart MD 4-1-14

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

PUG SP-500 4-hr chart MD 4-1-14

SP-500 daily chart (mid-day):

PUG SP-500 daily chart MD 4-1-14

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