PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

November 7th, 2016: SP-500 Chart Update

Posted by pugsma on November 7, 2016

12:50 pm EST:  The primary (white/green) count is that minor 2 of major [3]-P5-C1 bottomed at 2084 and the minor 3 wave up has begun.  The initial minor target is 2332, where minor 3 = 1.23*minor 1.    The first minute (1) wave of minor 3 should reach at least to the upper 2135 pivot area (2142).

SP-500 15-min chart:

pug-sp-500-15-min-11-7-16

SP-500 60-min chart:

pug-sp-500-60-min-11-7-16

SP-500 4-hr chart:

pug-sp-500-4-hr-11-7-16

SP-500 daily chart:

pug-sp-500-daily1-11-7-16

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