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November 5th, 2014: SP-500 EOD Update

Posted by pugsma on November 5, 2014

6:45 pm EST:   Remember, remember!  The 5th of November…

Primary count is unchanged and has major [1]-P5-C1 topping at 2024, which is inside the 2019 pivot upper range of 2016.   This current (b) of minor W of major [2] wave could be a flat or expanded flat that exceeds the 2024 high to the 1.23*(a) target of 2029, before the wave (c) of minor W drops the 1986 target.  Ultimately major [2]-P5 should correct by at least a 38% fib retrace to 1946 or 50% to 1922 over the next couple of week.

There is new very bullish near-term alternate (blue) count on the charts that could see the SP-500 reach the P5 = 0.5*P1 = 2172 by year’s end without much more than a few 25-30 point pull=backs alone the way.  This new alternate (blue) count major [3]-P5-C1 is extending higher towards a 1.62*[1] target of 2086.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-5-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-5-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-5-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-5-14

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