Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

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 [2]-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 [2]-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 [2]-PC-C2 wave termination below the PB-C2 high at 2116.

Have a super weekend !!!

SP-500 15-min chart:

PUG SP-500 15-min EOD 4-1-16


SP-500 60-min chart:

PUG SP-500 60-min EOD 4-1-16

SP-500 4-hr chart:

PUG SP-500 4-hr EOD 4-1-16

SP-500 daily chart:

PUG SP-500 daily EOD 4-1-16

SP-500 weekly chart:

PUG SP-500 weekly EOD 4-1-16

Sorry, the comment form is closed at this time.

%d bloggers like this: