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September 23rd, 2015: SP-500 EOD Update

Posted by pugsma on September 23, 2015

5:15 pm EST:   There are couple ST (short-term) paths the SP-500 price can take, however the final IT (intermediate-term) outcome should be the same with the major [1]-PC-C2 wave reaching the 1849 to 1814 pivot area sometime over the next few weeks.

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 minute (1) completed at 1929, wave minute (2) completed at 1950 and now wave minute (3) is underway target is at 1880, where (3) = 1.38*(1).  Ultimately major [1]-PC should reach the 1849 pivot.  This primary count remains valid for wave minute (2) below the wave minor 2 high of 1980.

The alternate (blue) count variant of the primary count is that minor 1 is complete at 1929 or needs one more drop to the 1926 pivot tomorrow to complete.  There will then be a strong minor 2 retrace to the 50%/62% targets of 1974/1986, before the minor 3 wave heads below 1867.   Ultimately major [1]-PC should reach the 1814 pivot.   The alternate (blue) count remains valid for wave minor 2 below 2021.

SP-500 15-min chart (EOD:

PUG SP-500 15-min chart EOD 9-23-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 9-23-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart EOD 9-23-15

SP-500 daily chart (EOD):

PUG SP-500 daily chart EOD 9-23-15

 

 

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