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April 11th, 2014: SP-500 EOD Update

Posted by pugsma on April 11, 2014

4:55 pm EST:  The SP-500 is an inflection point.  Holding the 1814 pivot area (1807 to 1821) is important for the primary wave count.  A move to the 1775 pivot or below will likely mean that the alternate (blue) count is more likely.

Primary count is minor 2 of major [5]-P3-C1 bottomed at 1814 today or will reach the 50% retrace of 1811 early next week.  Minor 3 should soon be underway headed above 2000 to 2047, where minor 3 = 1.62*minor 1.  The major [5]=[1] target is at 2085 for completion of P3-C1.  The primary count remains valid above the major [4]-P3-C1 low of 1738.

The alternate (blue) count is that P3-C1 topped at 1897 and P4 down has begun.  The first major [A]-P4 wave is unfolding as 5 minor waves headed for target near the 1775 pivot.  Ultimately P4 should reach a the 23%/38% retrace target area of 1707/1584.  The alternate (blue) count remains valid below the 1897 high.

As always, you can use the 15-min chart for wave count sub-minete and minute degree details.

Have a great weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 4-11-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 4-11-14

SP-500 4-hr chart (EOD):

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

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 4-11-14

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart EOD 4-11-14

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