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November 21st, 2014: SP-500 EOD Update

Posted by pugsma on November 21, 2014

8:00 pm EST:    Today as expected the SP-500 moved higher towards the 2080 to 2088 range for major [1]-P5-C1 (primary) and major [3]-P5-C1 (alternate blue).   The primary and alternate (blue) wave counts are unchanged and of near equal 50%/50% probability.   As I have been saying for over a week now, the next significant pull-back should help clear-up which wave count is correct.  The major [2]-P5-C1 (primary) and major [4]-P5-C1 (alternate blue) Fibonacci retracement targets are shown on the charts below.   However,  no matter which wave count is correct, both wave counts are headed higher towards 2172 to 2254 at a minimum.   It’s simply a matter or how soon in time those price targets will be reached.

Have a great weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-21-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-21-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-21-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-21-14

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart EOD 11-21-14

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