PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

April 5th, 2016: SP-500 EOD Update

Posted by pugsma on April 5, 2016

2:00 pm EST:     The major [2]-PC-C2 wave has likely topped at 2075.  However, the SPX price still needs to break 2044 and 2022 to confirm.  Today’s low is 2045.

Assuming 2075 is the major [2] top, then the initial minor 1 of major [3]-PC target is at the 1991 pivot.   Wave minute (1) of minor 1 may have completed today at 2045, meaning the wave (2) bounce to the 50%/62% retrace of 2060/2064 is underway.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-5-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-5-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 4-5-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-5-16

 

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