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February 27th, 2015: SP-500 EOD Update

Posted by pugsma on February 27, 2015

5:20 pm EST:  The primary count is wave (3) of minor 3 of major [3]-P5-C1 completed at 2120 near the wave (3) = 1.23*(1) target of 2122.   Wave (4) is underway and could be complete today at 2104 as double Zig-Zag at the 23% Fibonacci retrace of 2101 or may need to correct further to the 38% retrace of 2089, before wave (5) of minor 3 heads to a target of 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 (see the alternate (blue) count on the daily chart).

Have a wonderful weekend !

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 2-27-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 2-27-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 2-27-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 2-27-15

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