Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

February 27th, 2016: SP-500 Chart Update

Posted by pugsma on February 27, 2017

4:00 pm EST:  The primary (green) count is that wave major [3]-P5-C1 is complete near the [3]= 1.23*[1] target of 2375.  There is growing -DIV on the 4-hr chart that should usher in the major [4] correction down to the 2278 pivot support, where the 23% Fib retrace is at 2287.

The alternate (blue) count is that wave major [3]-P5-C1 is still climbing toward the major [3]=1.38[1] target of 2421.  When major 5 of major [3], wave minute (3) is headed for the (3)=2.62(1) target of 2393.

SP-500 15-min chart:


SP-500 60-min chart:


SP-500 4-hr chart:


Sorry, the comment form is closed at this time.

%d bloggers like this: