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November 13th, 2014: SP-500 EOD Update

Posted by pugsma on November 13, 2014

7:00 pm EST:   The SP-500 has reached and inflection point between the two completing wave counts.  The primary count need major [1]-P5-C1 to end here at the minor 5=1 target of 2050.  Any move above 2050 towards 2086 or higher means that the alternate (blue) count that is in wave major [3]-P5-C1 is more likely.

Also, the coming correction or either wave count will help to determine which one is correct.   From 2050 a deep retrace of 50%/62% (1935/1914) would mean the primary count major [2]-P5 wave is underway or from 2086 a shallow 23%/38% retrace (2049/2026) for major [4]-P5-C1 would mean the alternate (blue) count is more likely to play out to P5-C1 top sooner (1-2 months) rather than later (6- 9 months).

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-13-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-13-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-13-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-13-14

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