PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

October 28th, 2014: SP-500 EOD Update

Posted by pugsma on October 28, 2014

6:15 pm EST:    The SP-500 continues to follow the primary wave count higher and with 1985 close today is now very close to the minor 5=1 target of 1995 to complete major [1]-P5-C1.  Once major [1]-P5 completes, the major [2]-P5 correction should retrace about 50% of the major [1] move up from 1820 to 1995 for a major [2]-P5 target area of 1907.  From there, waves major [3] and major [5]-P3-C1 should reach the 2250 area into the spring and summer of 2015.

The alternate (blue) count larger P4-C1 triangle is still an option should the P4 wave need to buy more time.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart 10-28-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart 10-28-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart 10-28-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart 10-28-14

Sorry, the comment form is closed at this time.

 
%d bloggers like this: