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.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

October 10th, 2019: SP-500 Chart Update

Posted by pugsma on October 10, 2019

5:15 pm EST:  The primary (red) wave count is that wave iii-(1) of minor 3 of major [1]-PA-C2 is underway with the target are 2839, where iii=1.62*i.  Wave minute (1) of minor 3 should reach the 2807 pivot before the minute (2) wave bounce to a 50% Fib at 2884.  The minor 3 target is at 2689, where minor 3 =1.62*minor 1.   Ultimately the major [1] target should be the 2597 pivot area.   The primary (red) wave count remains valid below the 2960 minor 2 wave high.

The alternate (blue) wave count is that wave minute (2) of minor C of major [5]-P5-C1 is complete are near complete at the 62%/78% Fib of 2895/2979.   The minute (3) wave should reach the 3061 target, where (3)=1.62(1).   Ultimately the P5=P1 target is at 3051 to complete P5-C1.  The alternate (blue) wave count remains valid above the minor B low at 2856.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

Sorry, the comment form is closed at this time.

%d bloggers like this: