PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 16th, 2016: SP-500 EOD Update

Posted by pugsma on March 16, 2016

6:00 pm EST:   The major [2]-PC-C2 top looks to targeting filling the 2038 to 2043 gap (primary red) and extend to the 2079 to 2084 area (alt blue).    Potential 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, the 88% retrace at 2079 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 EOD 3-16-16

SP-500 60-min chart (EOD):

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

SP-500 4-hr chart (EOD):

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

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