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December 23rd, 2014: SP-500 EOD Update

Posted by pugsma on December 23, 2014

2:50 pm EST:  The primary count is that wave (5) of minor 1 of major [3]-P5-C1  is headed for the (5)=(1) target of 2108.   Minor 2 should then retrace back to the 23%/38% target of 2076/2056 before wave minor 3 of major [3] grinds to above 2350.  Ultimately major P5-C1 should reach the P5=P1 target of 2524 over the next 9 to 12 months.

The alternate (blue) wave count minor 3 of major [3]-P5-C1 is underway headed for the minor 3 = 2.62*minor 1 target of 2097.  Minor 4 should then retrace 23% to 2073 before minor 5 of major [3] should reach the 0.62*[1] target of 2131.  Ultimately P5-C1 should reach either the P5 = 0.5*P1 = 2171 or P5 = 0.62*P1 = 2254 target over the next 1 to 3 months.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 12-23-14

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 12-23-14

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 12-23-14

SP-500 dailly chart (EOD):

PUG SP-500 daily EOD 12-23-14


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