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April 15th, 2015: SP-500 EOD Update

Posted by pugsma on April 15, 2015

 3:00 pm EST:  The primary count continues to move higher in wave (3) of minor C of major [5]-P5-C1 with an initial target of 2118, where (3)=1.62*(1) or the extended target of 2161, where (3)=2.62*(1).  The Ending Diagonal (ED) for major [5]-P5-C1 should end between the C=A = 2121 and C=1.62*A=2168 targets.  P5 = 0.5*P1 at 2172.  Note that the ED maximum is 2179.

Cycle 1 of Super Cycle V of the 6 year, cyclical bull market will be ending in the next couple weeks to a month and a significant SP-500 correction for Cycle 2 (C2) will get underway headed for the 50%/62% Fibonacci retrace area of 1391/1217 over the next year.  The Cycle 1 top would be likely on a break below 2040 and confirmed on a break of the 1981 low.  Below the 1981 level, the Cycle 2 (C2) correction of 50%/62% down to 1391/1217 is underway.   The first Primary A (PA ) wave of C2 is likely to reach the 1814 pivot area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min MD 4-15-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min MD 4-15-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr MD 4-15-15

SP-500 daily chart (EOD):

PUG SP-500 daily MD 4-15-15

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