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 4th, 2016: SP-500 EOD Update

Posted by pugsma on April 4, 2016

4:50 pm EST:   With today’s SPX price drop below 2065. there is a potential top at 2075 for wave v-(5) of minor C of major [2]-P2-C2.  Need a SPX price break below 2043 and then 2022 to confirm.

SPX price is continuing to look for a major [2]-PC-C2 termination point between the 2075 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.

SP-500 15-min chart (EOD):

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

SP-500 60-min chart (EOD):

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

SP-500 4-hr chart (EOD):

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

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-4-16

Sorry, the comment form is closed at this time.

%d bloggers like this: