PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

March 28th, 2016: SP-500 EOD Update

Posted by pugsma on March 28, 2016

1:45 pm EST:   The primary (red) count is that wave ii-(1) of minor 1 of major [3]-PC-C2 is complete or near complete that 50%/62% retrace of 2040/2044.   Once wave ii-(1) completes, wave iii-(1) should head below 2000 to the 1991 pivot area.  Wave minute (1) should reach the 1956 pivot area.   The primary count remains valid for wave ii-(2) below the 2057 level.

The alternate (blue) count is that wave (5) of minor C of major [2]-PC-C2 is underway headed above 2057 to a target in the 2079 to 2084 area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 3-29-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 3-29-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 3-29-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 3-29-16

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