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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

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