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.

February 2nd, 2015: SP-500 EOD Update

Posted by pugsma on February 2, 2015

5:45 pm EST:  The primary count is that minor 2 of major [3]-P5-C1 ended today at 1981 just above the 1972 threshold for invalidation.   Wave (1) of minor 3 is underway headed for the 2079 pivot area.   Within wave (1), wave i-(1) completed at 2010 and wave ii-(1) at 1991.  Wave iii-(1) is underway with a target of iii=2.62*i = 2067.  The primary count remains valid above 1972.

The alternate (blue) count is that wave (b) of minor Y of major [2]-P5-C1 is playing out as a flat with a target of the 50%/62% retrace area of 2027/2036.  Once wave (b) is complete, wave (c) of minor Y should head for the major [2] 50% retrace area of 1950.  The primary count remains valid below 2065.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 2-2-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-2-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 2-2-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 2-2-15

Sorry, the comment form is closed at this time.

 
%d bloggers like this: