PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

December 4th, 2014: SP-500 EOD Update

Posted by pugsma on December 4, 2014

6:30 pm EST:  Today’s price action made no change in the wave counts.   Major [1]-P5-C1 (primary count) or major [3]-P5-C1 (alternate blue count) is headed for a near term target in the 2080 to 2088 area before the major [2]-P5 (primary) correction to the 38%/50% fib retrace of 1981/1950 or major [4]-P5 (alternate) correction to the 23%/38% fib retrace of 2050/2027.  Thus, the next correction size will tell us which wave count is correct.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 12-4-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 12-4-14

Sorry, the comment form is closed at this time.

 
%d bloggers like this: