Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

November 25th, 2014: SP-500 EOD Update

Posted by pugsma on November 25, 2014

5:35 pm EST:   The primary and alternate (blue) wave counts are unchanged and of near equal 50%/50% probability.  Both counts are looking for completion of this move up in the 2080 to 2088 area for major [1]-P5-C1 (primary) or major [3]-P5-C1 (alternate blue).   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 at 38%/50% 1981/1950 (primary) and 23%/38% 2049/2025 (alternate blue).   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 Happy Thanksgiving Holiday with family and friends.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 11-25-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 11-25-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 11-25-14

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 11-25-14

Sorry, the comment form is closed at this time.

 
%d bloggers like this: