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December 15th, 2014: SP-500 EOD Update

Posted by pugsma on December 15, 2014

6:30 pm EST:   The SP-500 primary count is that minor C of major [2]-P5-C1 is still underway and likely headed lower to a typical wave 2, Fibonacci retracement area of 50%/62% at 1950/1918.  There is a C=2.62*A = 1938 target in between those two Fib retracement targets.  Once major [2] ends, major [3] should get underway headed for the major [3]=1.62[1] = 2370 target.  Ultimately P5-C1 should reach the P5 = P1 = 2524 target over the next 9 to 12 months.

The alternate (blue) count is that minor C of major [2]-P5-C1 has ended at the C=1.62*A target of 1983, which is also the 38% Fib retracement of the major [1] move up from 1820 to 2079.    Major [3]-P5-C1 should now be underway headed for the major [3]=0.62[1] target of 2137.  Ultimately P5-C1 should reach the P5 = 0.51*P1 = 2171 to P5 = 0.62*P1 = 2254 target area over the next 3 to 6  months.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 12-15-14

SP-500 4-hr chart (EOD):

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

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 12-15-14

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