PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 4th, 2016: SP-500 EOD Update

Posted by pugsma on March 4, 2016

5:00 pm EST:  The primary (red) count is that minor C of major [2]-PC-C2 wave looks to be topping out here at 2009 between the typical 62% Fibonacci retrace target of 2000 and the 2019 pivot.   The major [3]-PC wave headed below 1810 towards 1600 should be underway soon.

The alternate (blue) count is that this move up to 2009 from 1810 is only minor A of major [2]-PC-C2.  Once minor A completes, there will be a deep 50%/62% to 1910/1886 for minor B into late March before minor C of major [2] completes near the 2019 pivot in late April.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 3-4-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 3-4-16

SP-500 4-hr chart (EOD):

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

SP-500 daily chart (EOD):

PUG SP-500 Daily EOD 3-4-16

SP-500 weekly chart (EOD):

PUG SP-500 weekly EOD 3-4-16

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