PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

December 13th, 2016: SP-500 Chart Update

Posted by pugsma on December 13, 2016

10:45 pm EST:   With the move up to 2273 the alternate (blue) wave count is at a do or die area.  The SPX price must not break above 2286 and must begin a fall from this area and break below 2084 in order to confirm this Ending Diagonal (ED) for P5-C1.  If not, then the primary (green) count will continue it’s march toward the P5=P1 target of 2514.

SP-500 15-min chart:

pug-spx-15-min-12-13-16

SP-500 60-min chart:

pug-spx-60-min-12-13-16

SP-500 4-hr chart:

pug-spx-4-hr-12-13-16

SP-500 daily chart:

pug-spx-daily-12-13-16

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: