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September 24th, 2015: SP-500 EOD Update

Posted by pugsma on September 24, 2015

6:05 pm EST:   Today the SP-500 price reached an inflection point at 1905 pivot area, which is also the 78% Fibonacci retracement of the recent 1867 to 2021 move higher.    The SP-500 price may need to back-test the falling 13-day EMA (1957) to 34-day EMA (1987) one more time before continuing lower toward the 1849 to 1814 pivot (primary red count).  If the SP-500 price breaks through the 1973/1981 resistance, then a re-test of the 2021 recent high is underway (alternate blue count).  The wave count details are show on the charts below.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart 9-24-15jpg

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart 9-24-15jpg

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr chart 9-24-15jpg

SP-500 daily chart (EOD):

PUG SP-500 daily chart 9-24-15jpg

SP-500 weekly chart (EOD):

PUG SP-500 weekly chart 9-24-15jpg

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