PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

July 2nd, 2014: SP-500 EOD Update

Posted by pugsma on July 2, 2014

4:30 pm EST:   Primary count is that minute (5) of minor 5 of major [5]-P3-C1 is headed for a target at 1984, where (5)=0.62*(1) or 1993, where (5)=(1).  This should complete the P3-C1 wave in July 2014 that began in October 2011.

The alternate (blue) count is that wave iii-(5) of minor 3 of major [5]-P3-C1 is underway headed for wave iii-(5) target at 2013, where iii=1.62*i.   The minor 3 target is 2050, where minor 3 = 1.62*minor 1 and the major [5] target is 2085, where [5]=[1].   Thus, P3-C1 should complete at 2085 in the August/September time frame.

Both wave counts remain valid above the 1944.69 level.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 7-2-14

SP-500 60-min chart (EOD):
PUG SP-500 60-min chart EOD 7-2-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 7-2-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 7-2-14

Sorry, the comment form is closed at this time.