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August 7th, 2015: SP-500 Mid-day/EOD Update

Posted by pugsma on August 7, 2015

12:20 pm EST:   The primary (white/green) count is that wave minor 3 of major [3]-PA-C2 is underway with minor 2 of major [3] complete at 2114.   The minor 3 of major [3] should head below 2000, where minor 3 = 1.62*minor 1 at 2002 and major [3]=1.62*[1] at 1986.   Within minor 3, wave (1) ended at 2087, wave (2) at 2113 and now wave (3) should drop to 1999, where (3)=4.21*(1) (see the 15-min and 60-min chart for details).   Ultimately PA-C2 should reach at least 1954 (62% retrace of the P5-C1 Ending Diagonal) and maybe 1889 (78% retrace of the P5-C1 Ending Diagonal).  The primary count remains valid for minor 2 wave below 2133.

Have a great weekend !!!

SP-500 15-min chart (mid-day):

PUG SP-500 15-min MD 8-7-15

SP-500 60-min chart (mid-day):

PUG SP-500 60-min MD 8-7-15

SP-500 4-hr chart (mid-day):

PUG SP-500 4-hr MD 8-7-15

SP-500 daily chart (mid-day):

PUG SP-500 daily MD 8-7-15

SP-500 weekly chart (mid-day):

PUG SP-500 weekly MD 8-7-15

SP-500 monthly chart (mid-day):

PUG SP-500 monthly MD 8-7-15

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