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.

«
»

November 3rd, 2014: SP-500 EOD Update

Posted by pugsma on November 3, 2014

5:55 pm EST:   Looks like the SP-500 topped major [1]-P5-C1 (primary count) today at the 2025, right at the M5=1.62*M1=2025 target.  The SP-500 should now see a major [2]-P5 correction of at least at 38% retrace (1946) to the 1956 pivot area and more like 50% retrace (1922) to the 1926 pivot area over the next two to three weeks.

The alternate (blue) wave count P4-C1 ascending triangle should see a deeper retrace for major [C]-P4 down to the 1905/1884 pivot area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-3-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-3-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-3-14

SP5-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-3-14

This entry was posted on November 3, 2014 at 5:56 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»