PUG Stock Market Analysis, LLC

Chart Technical Analysis and Commentary on the Stock Market

  • PUG Twitter Feed

  • Premium Service

    To join the Premium Service follow this link: PUG Premium Service Sign-up. You must agree to the Terms of Service (TOS) and make a payment via a credit card Buy Now link or check in the mail. I will then send you the password to view the premium content. If you have questions send an e-mail to: pug.sma.llc@gmail.com.
  • Hits Since Oct 26th, 2009

    • 13,583,034 hits
  • Disclaimer

    The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. PUG does not manage client assets in any way. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. PUG may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. PUG Stock Market Analysis, LLC is an educational service, not an advisory or stock recommendation service. At times, PUG will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries. All examples are provided for educational purposes.
  • Privacy Policy

    Corresondents's e-mails are strictly confidential. The thrid-party advertising placed by ad networks may collect information for ad targeting or store cookies. Links for commercial sites are paid advertisements. Blog links on the site are posted by PUG's discretion, without compensation of any kind.
  • Content Usage Terms

    PUG Stock Market Analysis, LLC blog site content may be reproduced or excerpted online, provided full attribution is given to PUG and the original article source is linked.

January 23rd, 2013: EOD Update

Posted by pugsma on January 23, 2013

6:25 pm EST:   Today the SP-500 made a 4th daily consecutive post March 2009 recovery high at 1496.

For the primary count wave iii-(3) of minor 3 of major [3]-P3-C3 ended today at 1496, just 2 points shy of the wave iii=1.62*i target of 1498.   Next we should expect a wave iv-(4) consolidation with targets at a 23% retrace of 1489 to a 38% retrace of 1484.   This wave iv-(3) must remain above the wave i-(3) high of 1472.75 in order this primary count to remain valid.

For the alternate (blue) count variant, we have today’s 1496 high as the end of wave i-(3) and now we should expect a deeper wave ii-(3) pull-back of between a 50% retrace to 1474 to a 62% retrace to 1469.  For this alternate (blue) count to remain valid the wave (2) low of 1452  must not be breached.

Support is at 1475 and then the 1440 pivot area.  Major resistance at the 1524 pivot.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 1-23-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 1-23-13

Sorry, the comment form is closed at this time.

%d bloggers like this: