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December 16th, 2014: SP-500 EOD Update

Posted by pugsma on December 16, 2014

5:30 pm EST:  Still looking for the bottom of major [2]-P5-C1.   The typical wave 2 Fibonacci retracements of 50%/62% are still lower than today’s low of 1972 at 1950/1918.  There is also the minor C = 2.62*A target at 1938, which is in between the two typical wave 2 retracement targets.  Pivot support is at 1968/1956 and then 1926.  The SP-500 price will need to move above 2017 and then above 2036 in order to confirm the major [2]-P5-C1 low is in place.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 12-16-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 12-16-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 12-16-14

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 12-16-14

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