PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

December 14th, 2016: SP-500 Chart Update

Posted by pugsma on December 14, 2016

4:05 pm EST:  The primary (green) count wave ii-(3) of minor 3 of major [3]-P5-C1 correction is underway headed for the 50%/62% retrace target of 2233/2222.  The alternate (blue) count has topped P5-C1 of the ending diagonal at 2278 just shy of the maximum of 2286.  However a break below 2188 and then 2084 is required to confirm.

SP-500 15-min chart:

pug-spx-15-min-12-14-16

SP-500 60–min chart:

pug-spx-60-min-12-14-16

SP-500 4-hr chart:

pug-spx-4-hr-12-14-16

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