March 5th, 2015: SP-500 EOD Update
Posted by pugsma on March 5, 2015
4:30 pm EST: The primary count is wave (4) of minor 3 of major [3]-P5-C1 completed at 2088 as a 3-3-3 Zig-Zag at the 38% Fib retrace. The wave iv-(3) of previous degree is 2085, so that fits as well with a typical wave 4 pattern. Wave (5) of minor 3 should now be underway with a wave (5)=(1) target of 2157 and a minor 3 = 1.62*minor 1 target of 2177. Within wave (5), it looks like a waves i-ii completed today at 2104 and 2095, respectively. Wave iii-(5) should now head higher to the wave iii = 4.21*i target of 2162. 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).
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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