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May 5th, 2015: SP-500 EOD Update

Posted by pugsma on May 5, 2015

5:45 pm EST:   The Cycle 1 (C1) of Super Cycle V (SC-V)  top is likely in place at 2126 on the SP-500.   Initial confirmation on break below 2072 and full confirmation on a break below 2040/2046.

The primary count is that P5-C1 topped at 2126 and Cycle 2 (C2) lower is underway.  Wave minor 1 of major [1]-PA-C2 completed at 2078, wave minor 2 ended at 2121 at the 88% retrace and now wave minor 3 should be underway headed for the minor 3 = 1.62*minor 1 = 2043 target.   Major [1]-PA should reach the 2019 pivot by late May.  This primary count is valid below 2126.  The Cycle 2 (C2) wave is likely headed for the 50% Fibonacci retrace area of 1419 over the next year.  The first Primary A (PA ) wave of C2 is likely to reach the 1814 pivot area (-15% correction) by the fall of 2015.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 5-5-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 5-5-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 5-5-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 5-5-15

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart EOD 5-5-15

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