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.

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



Sorry, the comment form is closed at this time.

%d bloggers like this: