PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 15th, 2016: SP-500 EOD Update

Posted by pugsma on March 15, 2016

5:45 pm EST:  By all E-wave count rules the SP-500 could have topped major [2]-PC-C2 at 2025 yesterday.   However the major [2]-PC-C2 top could still extend to the 2028 to 2084 area.    Potential higher targets for major [2] are at the minor C=A = 2028,  the gap fill in the 2038 to 2044 area, the 78% retrace at 2049 and the double bottom target at 2084.   The SP-500 price still needs to break below 1970 and then 1963 to confirm the major [2] top.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

PUG SP-500 60-min 3-15-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr 3-15-16

SP-500 daily chart (EOD):

PUG SP-500 daily 3-15-16

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