PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

April 8th, 2016: SP-500 EOD Update

Posted by pugsma on April 8, 2016

5:15pm EST:   The primary (red) count is that wave major [2]-PC-C2 topped at 2075 and the large major [3]-PC wave down towards the 1575 pivot is underway.   The first minor degree wave 1 of major [3] is underway likely headed toward the 1991 pivot area.   Within minor 1, minute wave (3) is underway with an initial target of 2015, where (3) = 1.62*(1).  Within wave (3), the drop yesterday from 2067 to 2034 looks like wave i-(3) and the bounce today from 2034 to 2061 for a 78% retrace was wave ii-(3).   The wave iii-(3) drop is likely early next week.

Have an awesome spring weekend !!!

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-8-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-8-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 4-8-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-8-16

SP-500 weekly chart (EOD):

PUG SP-500 weekly EOD 4-8-16

 

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