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March 12th, 2015: SP-500 EOD Update

Posted by pugsma on March 12, 2015

5:20 pm EST:  The SP-500 price back inside its lower BB for a confirmed SP-500 Buy Signal.  This follows yesterday’s confirmed $NYMO SP-500 Buy Signal.   See the chart below for details.

http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&b=7&g=0&id=p88512801943&a=269536931&r=1410958141020&cmd=print

The primary count is that major [4]-P5-C1 of a large P5 Ending Diagonal (ED) completed at 2040.  The major [5]-P5 wave up is underway and must complete with major [5] < [3], which is 139 points above the major [4] low or 2040 + 139 = 2179.  The P5 = 0.5*P1 target is at 2172.  Wave major [5] of the ED should be 3-wave, minor A-B-C move up to 2172.  Wave minor A is underway and should reach the 2094 to 2120 pivot area.  The primary count of the ED remains valid with major [4] above the major [2] low of 1981.    Cycle 1 of Super Cycle V of the 6+ year, cyclical bull market is likely coming to end in the next month or two.   Note: The Cycle 1 top would be confirmed on a break of the 1981 low.

The alternate (blue) is that wave (2) of minor 3 of major [3]-P5-C1 completed at 2040.   This alternate (blue) count is considerably more bullish than the primary count and would mean that the SP-500 could reach the P5 = P1 target of 2524 over the next year.  Like the primary wave count, the alternate (blue) count remains valid above the minor 2 low of 1981.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 3-12-15

SP-500 60-min chart (EOD):

PUG SP-500 60min chart EOD 3-12-15

SP-500 4-hr chart (EOD):

PUG SP-500 4hr chart EOD 3-12-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 3-12-15

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