PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

March 9th, 2015: SP-500 EOD Update

Posted by pugsma on March 9, 2015

4:45 pm EST:   The primary count is that wave ii-(3) of minor 3 of major [3]-P5-C1 is complete just below the 62% Fib retrace of 2071.  Note: the primary count remains valid for wave ii-(3) above the wave (2) low of 2041.88.  Wave iii-(3) is underway headed for the iii=4.21*i target of 2166.   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).

The alternate (blue) count is that wave (2) of minor 3 of major [3]-P5-C1 is underway and will target the 50%/62% Fib retrace area of 2051/2034 over the next few days to a week.  This alternate (blue) count remains valid below 2104.25 and above the minor 2 low of 1981

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 3-9-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 3-9-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 3-9-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 3-9-15

Sorry, the comment form is closed at this time.

 
%d bloggers like this: