February 3rd, 2015: SP-500 EOD Update
Posted by pugsma on February 3, 2015
4:00 pm EST: The primary count is that minor 2 of major [3]-P5-C1 ended at 1981 just above the 1972 threshold for invalidation. Wave minute (1) of minor 3 is underway headed for 2057 to the 2079 pivot area. Within wave minute (1), wave i-(1) completed at 2010 and wave ii-(1) at 1991. Wave iii-(1) may have completed today at 2040 where iii = 1.62*i or could extend to a target of iii=2.62*i = 2067. If wave iii-(1) ended today at 2040, then the 23% retrace today to 2028 was wave iv-(1) and wave v=i=2057 should complete wave (1). 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 78% retrace area of 2046. Once wave (b) is complete, wave (c) of minor Y should head for the major [2] 50% retrace area of 1950. The alternate (blue) count remains valid below 2065.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
SP-500 weekly chart (EOD):
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