Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

August 10th, 2015: SP-500 EOD Update

Posted by pugsma on August 10, 2015

7:55 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 2068, wave (2) is underway and should complete at the 78%/88% retrace of 2103/2108 and once wave (2) completes wave (3) should drop to 2030, where (3)=1.62*(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.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 8-10-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 8-10-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 8-10-15

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 8-10-15

Sorry, the comment form is closed at this time.

 
%d bloggers like this: