March 24th, 2016: SP-500 Mid-day/EOD Update
Posted by pugsma on March 24, 2016
10:20 am EST: Major -PC-C2 wave has reached the 78% retrace of 2049 (primary red count) and turned around at 2057, but still could extend to the 2079 to 2084 area (alternate blue count). Potential targets for major  are the 78% retrace at 2049, the 88% retrace at 2079 and the double bottom target at 2084. The major  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  top.
Note that the $NYMO closed below the lower BB yesterday and if does so again today then this would be a potential strong SPX buy trigger, which would favor the alternate blue count going into early April.
Have a Happy Easter Weekend !!!
SP-500 15-min chart (mid-day):
SP-500 60-min chart (mid-day):
SP-500 4-hr chart (mid-day):
SP-500 daily chart (mid-day):
SP-500 weekly chart (mid-day):
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