PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

November 9th, 2015: SP-500 EOD Update

Posted by pugsma on November 9, 2015

5:45 pm EST:   Today the SP-500 retraced 38% of the 1991 to 2116 wave at 2068.  This looks like a typically minor 4 of major [C]-PB-C2 wave that retraced 38% to the minute (4) wave of lesser degree.  I’m expecting the SP-500 to make a new all-time high between 2135 and 2193 into the end the year, as long the SP-500 remains above the 2022 level.  The double bottom break-out above 2021 is at 2170.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 11-9-15

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 11-9-15

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 11-9-15

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 11-9-15

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