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August 25, 2014: SP-500 EOD Update

Posted by pugsma on August 25, 2014

6:20 pm EST:   The SP-500 finally broke the 2000 level today, hitting 2002 before pulling back slightly.

Primary count remains unchanged with wave v-(3) of minor 5 of major [5]-P3-C1 is underway headed for 2033, where (3)=2.62*(1).   The wave minor 5=1 target is at 2051 and the major [5]=[1] target is 2085 to complete P3-C1.

Alternate (blue) is that wave (3) of minor 5 of major [5]-P3-C1 topped at 2002 and wave (4) should correct to the 23%/38% fib retrace of 1985/1974 before wave (5) of minor 5 compete at the (5)=(1) target of 2014/2015 to complete P3-C1

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 8-25-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 8-25-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 8-25-14

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