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February 17th, 2015: SP-500 EOD Update

Posted by pugsma on February 17, 2015

6:15 pm EST:  As forecast the slow melt-up in the SP-500 price continues per the primary wave count.    The primary count is wave iii of (3) of minor 3 of major [3]-P5-C1 is unfolding with a wave iii = 2.62*i target of 2134.  The wave minute (3) target is at 2149, where (3)=1.61*(1).  The wave minor 3 target is at 2177, where minor 3 = 1.62*minor 1.   The major [3] target is at 2232 where [3]=[1].   Ultimately P5-C1 should reach at the least the P5 = 0.62*P1 = 2254 target by the summer of 2015 and there is the possibility that P5 could extend to the P5 = P1 = 2524 target by the end of 2015.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 2-17-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-17-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 2-17-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 2-17-15

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