PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

September 17th, 2015: SP-500 EOD Update

Posted by pugsma on September 17, 2015

5:45 pm EST:  Today the SP-500 price moved above the 1991 pivot and hit 2021.  This eliminated the two alternate counts and confirmed the primary wave count that major [C]-PB-C2 is underway.   The SP-500 is now looking for the end of the major [C]-PB-C2 wave between today high of 2021 and 2076.   The 62% Fibonacci retrace of 2033 for PB is just above today’s 2021 high and the 78% retrace is at 2076, which is also the ascending triangle target for the completion of major [C]-PB.  Today drop from 2021 to 1987 may have been a back-test of the ascending triangle break-out above 1991 meaning a move up to 2076 is likely next.   Note: a break below 1965 and then 1937 is required to confirm that the PB-C2 wave has topped and the PC-C2 wave down to the 1550 is underway.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 8-17-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 8-17-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 8-17-15

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 8-17-15

SP-500 weekly chart (EOD):

PUG SP-500 weekly EOD 8-17-15

Sorry, the comment form is closed at this time.

%d bloggers like this: