PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

«
»

December 12th, 2016: SP-500 Chart Update

Posted by pugsma on December 12, 2016

1:00 pm EST:    Primary (green) count wave i-(3) of minor 3 of major [3]-P5-C1 appears to have topped out at 2264.  The 50%/62% Fib retrace for wave ii-(3) is at 2227/2217.

The alternate (blue) count wave top for minor C of major [5]-P5-C1 could be in at 2264 or could have more push up to 2272, where C=1.23*A.   The alternate (blue) count Ending Diagonal maximum is at 2286 and thus any move above 2286 would invalidate the alternate (blue) count and fully confirm the primary (green) wave count.

SP-500 15-min chart:

pug-spx-15-min-12-12-16

SP-500 60-min chart:

pug-spx-60-min-12-12-16

SP-500 4-hr chart:

pug-spx-4-hr-12-12-16

This entry was posted on December 12, 2016 at 12:59 pm and is filed under SP-500. Tagged: , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»