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May 1st, 2014: QQQ Wave Count Update

Posted by pugsma on May 1, 2014

11:40 am EST:  Here is the updated QQQ wave count including a more detailed 15-min chart.

The minor C of major [B]-P4 wave is underway that should terminate at either 90.05 (primary count) or 88.29 (alternate blue count).  After major [B]-P4 completes, the major [C]-P4 wave should take the QQQ down to the 23%/38% retrace of P3 area at 81.83/75.62.

QQQ 15-min chart (mid-day):

PUG QQQ 15-min chart MD 5-1-14

QQQ 60-min chart (mid-day):

PUG QQQ 60-min chart MD 5-1-14

QQQ 4-hr chart (mid-day):

PUG QQQ 4-hr chart MD 5-1-14

QQQ weekly chart (mid-day):

PUG QQQ weekly chart MD 5-1-14

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