September 19th, 2014: SP-500 EOD Update
Posted by pugsma on September 18, 2014
4:10 pm EST: With the new ATH (All-Time High) at 2012 today, from an Elliott Wave perspective everything that was required of the minor 5 of major [5]-P3-C1 wave that began off the early August minor 4 wave low of 1905 has now been satisfied. The P3-C1 top can now occur at anytime.
Wave count details are shown below. The primary count is till looking for the P3-C1 top in the 2042 to 2085 range over the next few weeks to a month. The 1st alternate (blue) is more bullish and is not looking for P3-C1 to top until 2215 near the year end and the 2nd alternate (red) is looking for P3-C1 to top very short-term between 2012 and 2018. For all three counts a move back below the 1978 low likely signals the top of P3-C1 has occurred.
SP-500 15-min chart (EOD)P
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
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