PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

June 22nd, 2016: SP-500 EOD Update

Posted by pugsma on June 22, 2016

5:25 pm EST:   Another small range day for the SP-500 between 2084 and 2100.  The $NYMO closed down at -10 and within the -20 to 0 “crash zone” giving the 2nd alt (pink) some new life.  All indications are that there should be a large SP-500 move coming in either direction, with the primary (green) and 1st alt (blue) count pointing up to 2162 or higher to 2246 and the 2nd alt (pink) pointing down to 2030 or lower to 1986.  The key levels to watch are 2101 (2121) up and 2050 (2026) down.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 6-22-16

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 6-22-16

SP-500 4-hr chart (EOD):

PUG SP-500 4-hr EOD 6-22-16

 

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