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August 28th, 2014: SP-500 EOD Update

Posted by pugsma on August 28, 2014

4:30 pm EST:   The primary count is that wave iv-(3) of minor 5 of major [5]-P3-C1 ended today at 1990 and wave v-(3) is underway headed for a wave (3)=2.62*(1) target of 2033.  There is also a wave v=i target at 2026, should the wave (3) coming short of the 2033 target.  After wave minute (3) completes, there should be a 23% retrace for wave minute (4) before wave (5) of minor 5 completes major [5]-P3-C1.   The wave minor 5=1 target is 2051 and the major [5]=[1] target is 2085, which is the P3-C1 primary count top range to occur in the next 4 to 6 weeks.

The alternate (blue) count that wave (4) of minor 5 of major [5]-P3-C1 ended today at 1990 or will need one move lower to the 1985, wave iv of lesser degree, to complete.  Wave (5) or minor 5 of major [5] should reach the 2015 to 2030 area over the next week to complete P3-C1.

Have a great Labor Day Holiday Weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15min EOD 8-28-14

SP-500 60-min chart (EOD):

PUG SP-500 60min EOD 8-28-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 8-28-14

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 8-28-14

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