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June 23rd, 2015: SP-500 Big Picture Monthly Chart Wave Count

Posted by pugsma on June 23, 2015

12:00 pm EST:   Below is the SP-500 Big Picture, Monthly Chart Wave Count.

Back in October 2009 PUG SMA called the Super Cycle IV (SC-IV) bottom at 667 and correctly predicted that the SP-500 would move above the 1575 all-time high over the next several years as Cycle 1 (C1) of Super Cycle V (SC-V) was underway (see Oct 2009 SP-500 daily chart and the Long-Term View history of how the bullish wave count model unfolded over the past 6 years).

SP-500 Daily Chart (Oct 30th, 2009):


Now here in the early summer of 2015 PUG SMA is once again making a bold call that Cycle 1 (C1) of Super Cycle V (SC-V) is coming to end in the 2135 to 2172 area.  This should open the door for a 6 month to 1 year-long Cycle 2 (C2) of Super Cycle V (SC-V) correction of between -25% and -33% down to the 38%/50% Fibonacci retrace target area of 1577/1404 (basis 2135).  Basically the SP-500 is likely to test the old all-time high of 1575 before moving much higher (3210 to 3388) in Cycle 3 (C3) of Super Cycle V (SC-V) over following decade into the years 2024 to 2027.  Ultimately Cycle 5 (C5) of Super Cycle V (SC-V) should reach above 4000 by the years 2031 to 2034.

SP-500 Monthly Chart (June 23rd, 2015):

PUG SP-500 Monthly Chart 6-23-15

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