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September 22nd, 2015: SP-500 EOD Update

Posted by pugsma on September 22, 2015

4:35 pm EST:  Today the SP-500 gap down, broke the 1956 pivot and reached a low of 1929.  SP-500 price continues to follow primary count down from the recent 2021 high towards the 1849 pivot target.

The primary count is that minor 3 of major [1]-PC-C2 is underway with a target of 1870, where minor 3 = 1.62*minor 1.  Within minor 3, wave (1) completed today at 1929 and the wave (2) is either complete at the 38% retrace of 1946 or will reach the 50%/62% retrace of  1955/1961 tomorrow.  Assuming wave (2) completes at 1955, then the wave (3) target is at 1872, where (3) = 1.62*(1).

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 9-22-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 9-22-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 9-22-15

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 9-22-15

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