PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

April 12th, 2016: SP-500 EOD Update

Posted by pugsma on April 12, 2016

5:35 pm 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.   Alternatively, a move above 2075 would mean that the major [2]-PC-C2 wave is extending and likely headed to the 2079/2094 pivot and the upper yellow trend-line on the 4-hr and daily charts.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-12-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-12-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 4-12-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-12-16

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