PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 23rd, 2016: SP-500 EOD Update

Posted by pugsma on March 23, 2016

3:50 pm EST:   We have a major [2]-PC-C2 top candidate at 2057, which is just above the 78% Fibonacci retrace of 2049.   The SP-500 price will need to break below 1947 and then below 1891 to confirm the major [2] top.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 3-23-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 3-23-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 3-23-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 3-23-16

 

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