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):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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