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October 22nd, 2014: SP-500 EOD Update

Posted by pugsma on October 22, 2014

6:10  pm EST:   Since the Oct 15th low at SPX 1820, the waves are playing out as forecast for both the primary count and alternate (blue).  Now Ms Market will likely begin to separate the two wave counts.    The primary count P5 wave initiation impulse should continue to stretch higher to the 1991/2019 pivots to complete major [1]-P5-C1 in the coming few days to week before the major [2] correction back the 1926/1905 pivots.   The alternate (blue) P4 large triangle should end major [B]-P4-C1 here near the 1956 pivot and then fall back to the 1849 pivot for major [C]-P4-C1 followed by major [D] up to the 1926 pivot and major [E] down to the 1884 pivot to complete P4.  The details for both counts are shown on the 15-min chart below.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 10-22-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 10-22-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 10-22-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 10-22-14

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