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September 19th, 2014: SP-500 EOD Update

Posted by pugsma on September 19, 2014

7:30 pm EST:  Below is a SP-500 Years 1982-1987 versus Years 2009-2014 simple chart comparison.   Will the October of 2014 look like October 1987?

PUG SP-500 Y1982-Y1987 vs Y2009-Y2014 Comparison

3:35 pm EST:   Another new SPX ATH was made today at 2019 and with it a valid E-wave candidate for the P3-C1 top per the alternate (red) count.  The SPX needs a break below 1978 to confirm the P3-C1 top.   If not, then continue to look for higher highs towards 2042 to 2051 per the primary wave count.  Count details are show on the charts below.

The $NYMO rolled over today below the zero to -20 area setting up a dangerous technical condition that often will lead to severe correction of the SPX price.  This $NYMO condition gives the alternate (red) count about equal weight to the primary count until the $NYMO moves above the zero line.

http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=7&g=0&id=p88512801943&a=269536931&r=1410958141020&cmd=print

Have a great weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 9-19-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 9-19-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 9-19-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 9-19-14

SP-500 weekly chart (EOD):
PUG SP-500 weekly chart EOD 9-19-14

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