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March 3rd, 2016: SP-500 Wave Count Update

Posted by pugsma on March 3, 2016

10:40 am EST:   The primary (red) count is that minor C of major [2]-PC-C2 wave continues to play out toward the typical 62% Fibonacci retrace target of 2000.   Minor C looks to playing out as an ending diagonal.

The alternate (blue) count is that this move up to 1986 from 1810 is only minor A of major [2]-PC-C2.  Also, minor A looks to playing out as a leading diagonal with maximum target of 2004.  Once minor A complete, there will be a deep 62%/78% retrace to 1887/1849 for minor B into mid-to-late March before minor C of major [2] completes near the 2019 pivot in late April.

SP-500 15-min chart (mid-day):

PUG SP-500 15-min MD 3-3-16

SP-500 60-min chart (mid-day):

PUG SP-500 60-min MD 3-3-16

SP-500 4-hr chart (mid-day):

PUG SP-500 4-hr MD 3-3-16

SP-500 daily chart (mid-day):

PUG SP-500 daily MD 3-3-16

SP-500 weekly chart (mid-day):

PUG SP-500 weeky MD 3-3-16

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