PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

September 21st, 2016: SP-500 Chart Update

Posted by pugsma on September 21, 2016

3:50 pm EST:  Primary (green) count is right on target heading for wave iii=1.62*i= 2181 and wave (3)=1.62*(1)=2191.  Minor A of major [5]-P5-C1 should make a new high above 2194.  Primary count valid above 2119.

Alternate (blue) count has wave (x) of minor 2 playing as a flat wave headed for the 62%/78% target of 2166/2178.  Alternate (blue) valid below 2194.

Alternate (red) looks like a minor 2 wave that must remain below 2194.

SP-500 15-min chart:

pug-sp-500-15-min-9-21-16

SP-500 60-min chart:

pug-sp-500-60-min-9-21-16

SP-500 4-hr chart:

pug-sp-500-4-hr-9-21-16

SP-500 daily chart:

pug-sp-500-daily-9-21-16

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