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November 7th, 2014: SP-500 EOD Update

Posted by pugsma on November 7, 2014

6:15 pm EST:  Today’s small SP-500 price movement did nothing to change the wave count analysis from yesterday.

The primary count has been simplified to show minor 3 of major [1]-P5-C1 ending at 2024, the minor 4 of major [1] low at 2001 and now the minor 5 of major [1]-P5-C1 having ended at 2034 or ending soon at 2050, where minor 5 = minor 1 is at 2050.  Once the primary count completes major minor 5 of major [1]-P5, there should then be a major [2] wave correction of a 38% to 50% Fibonacci retracement to 1952/1963 to 1927/1935.

The alternate (blue) count is unchanged with major [3]-P5-C1 heading for 2086, where major [3]=1.23*[1].  Once major [3]-P5 completes there should then be a major [4] wave correction of a 23% Fibonacci retracement to 2049.

Have a great weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-7-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-7-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-7-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-7-14

This entry was posted on November 7, 2014 at 6:16 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.

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