PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

April 13th, 2016: SP-500 EOD Update

Posted by pugsma on April 13, 2016

4:50 pm EST:  Today’s move above 2075 is setting up the IT daily and 4-hr chart MCAD signal for a potential negative divergence that is often a sign of a key IT/LT top.

Major [2]-PC-C2 has extended slightly beyond 2075 to 2083 and should terminate in the 2079/2094 pivot area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 4-13-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 4-13-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 4-13-16

SP-500 daily chart (EOD):

PUG SP-500 daily EOD 4-13-16

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