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November 11th, 2014: SP-500 EOD Update

Posted by pugsma on November 11, 2014

6:20 pm EST:  No change in the wave counts.   The primary count should be completing major [1]-P5-C1 here at 2041 to the minor 5=1 target of 2050 and should then experience a significant retracement of at least 38%/50% to 1956/1930 for major [2].  If there is no significant retracement from the 2050 area, then we should look to the alternate (blue) count.   If the SP-500 pushes above 2050, then alternate (blue) count looks to be more likely as major [3]-P5-C1 should continue to melt-up and is headed for at least major [3]=1.23*[1] target of 2086 and could stretch up to the more typical major [3]=1.62*[1] target of 2159.  The next few days should be a key time to help separate the wave counts.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

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

SP-500 4-hr chart (EOD):

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

 

This entry was posted on November 11, 2014 at 6:21 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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