April 1st, 2016: SP-500 EOD Update
Posted by pugsma on April 1, 2016
3:35 pm EST: The SPX held above the critical 2042.67 wave i-(5) of minor C of major -PC-C2 level today on the drop to 2043.98, setting up a wave v-(5) move up to a new high above 2072.
SPX price is continuing to look for a major -PC-C2 termination point between 2079 and 2094 area. There is a lot of confluence in this 2079 to 2094 along with a key daily chart down sloping trend-line. The 88% Fibonacci retrace target is at 2079. The minor C=1.38*A target is 2080. Within the minor C wave, the wave v=i target is 2089 and the wave (5)=(1) target is 2094. The primary (red) count remains valid for major -PC-C2 wave termination below the PB-C2 high at 2116.
Have a super weekend !!!
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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