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February 4th, 2015: SP-500 EOD Update

Posted by pugsma on February 4, 2015

5:50 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 completed its 5-wave move up at 2055 today, right near the v=i target of 2057.   Wave minute (2) or minor 3 should now retrace 50%/62% to the 2018/2019 area.  Once wave (2) completes, wave (3) should make a new ATH above 2094 with a target of 2137, where (3)=1.62*(1).   Minor 3 should reach 2177, where minor 3=1.62*minor 1,.  Major [3] should reach 2232, where [3]=[1].   P5-C1 should reach at least 2254, where P5=0.62*P1.    The primary count remains valid above 1981.

The alternate (blue) count is that wave (b) of minor Y of major [2]-P5-C1 is playing out as a flat which completed at the 88% retrace of 2054 today.  Wave (c) of minor Y should be now underway and is headed for the major [2] 50%/62% retrace area of 1950/1918.  There are also wave Y=W=1962 and Y=1.62*W=1899 targets.   The alternate (blue) count remains valid below 2065.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-4-15

SP-500 4-hr chart (EOD):

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

SP-500 daily chart (EOD):

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

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