PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

April 7th, 2016: SP-500 EOD Update

Posted by pugsma on April 7, 2016

4:50 pm EST:   The SP-500 price dipped to 2033.80 and broke the key 2042.67 level for wave i-(5) of minor C of major [2]-PC-C2.  This likely confirms the top of major [2]-PC-C2, but a break of 2022.49 is still important to near 100% confirmation.

The primary (red) count is that minute wave (3) of minor 1 of major [3]-PC-C2 is underway with a target of 2015, where (3) = 1.62*(1).  The minor 1 target is just aove the 1991 pivot area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-7-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-7-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 4-7-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-7-16

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