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September 9th, 2014: SP-500 EOD Update

Posted by pugsma on September 9, 2014

5:15 pm EST:   For the primary wave count it looks wave (4) of minor 5 of major [5]-P3-C1 was not over at 1990.   Today we saw a possible c=a end for wave (4) today at 1985.  Basis wave (4) low of 1985, the wave (5) targets are (5)=(1) at 2025 and (5)=1.62*(1) at 2050, which agrees with minor 5=1 at 2051.  Should wave (4) would to head lower than 1985, then the primary count remains valid for wave (4) above the wave (1) high of 1945.

Alternate (blue) count has P3-C1 topped a 2011 and is in a minor 1 of major [A]-P4-C1 correction headed for the 1956 pivot area.   Alternate (blue) count goes invalid on a move above 2011.

The $NYMO SPX Buy signal was triggered at the close today with the $NYMO closing below its lower BB.  Confirmation tomorrow on an $NYMO close back inside the lower BB.

http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=7&g=0&id=p23917655901&a=269536931&r=1377203427577&cmd=print

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 9-9-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 9-9-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 9-9-14

 

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