PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 21st, 2016: SP-500 EOD Update

Posted by pugsma on March 21, 2016

3:15 pm EST:   Major [2]-PC-C2 wave has reached the 78% retrace of 2049 (primary red count), but still could extend to the 2079 to 2084 area (alternate blue count).    Potential targets for major [2] are the 78% retrace at 2049, the 88% retrace at 2079 and the double bottom target at 2084.   The major [2] wave remains valid below the PB-C2 high of 2116.   The SP-500 price will need to break below 1947 and then 1891 to confirm the major [2] top.

SP-500 15-min chart (EOD):

PUG SP-500 15-min 3-21-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min 3-21-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr 3-21-16

SP-500 daily chart (EOD):

PUG SP-500 daily 3-21-16

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