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May 20th, 2014: SP-500 EOD Update

Posted by pugsma on May 20, 2014

5:30 pm EST:   P3-C1 topped at 1902 in mid-May.   I’m now looking for a 10% correction (190 SPX points) down to SPX 1712 for P4.

Wave minor 1 of a major [A]-P4 is underway and likely headed for the 1814 pivot.  It looks like wave (2) of minor 1 ended at the typical 62% retrace of 1886 and wave (3) down is underway.   The wave (3) of minor 1 target is at 1821, where (3)=1.62*(1).

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 5-21-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 5-21-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 5-21-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 5-21-14

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart EOD 5-21-14


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