April 28th, 2016: SP-500 EOD Update
Posted by pugsma on April 28, 2016
4:10 pm EST: The primary (red) count is that wave (3) of minor 1 of major -PC-C2 is underway with target of 2008, where (3) = 2.62*(1). The minor 1 wave should reach the 1991/1956 pivot area over the next couple of weeks. The primary (red) count is valid below the wave (2) of minor 1 high at 2100.
The alternate (blue) count is that wave minor 2 of major [C]-PB-C2 is complete at the 50% retrace of 2073 or will need to test the 62% retrace of 2063. There is a (c)=(a) target of 2066 for this minor 2 wave. Once the minor 2 wave ends, the minor 3 wave will make a new All-Time High (ATH) above 2135. The PB target is at 2210, where PB=1.23*PA, for the C2 wave expanded flat. The alternate (blue) count remains valid above the major [B]-PB low at 2034.
SP-500 15-min chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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