February 23rd, 2016: SP-500 Mid-day Update
Posted by pugsma on February 23, 2016
10:40 am EST: The primary (red) count is that major  of PC-C2 played out as a flat wave that re-tested the 1947 level and the 50% Fibonacci retrace to 1964. Within major , wave minor C=A at 1945. The major -PC wave is now underway from the major  high of 1947. The major = target is 1643. The primary (red) count remains valid below 1947.
The alternate (blue) count is that major -PC-C2 wave is playing out a Zig-Zag off the major  low of 1810. The typical major  retrace targets are the 62%/78% Fibonacci retracements at 2000/2049. The minor A of major  wave completed at 1947. The minor B wave is now underway that should retrace 38%/50% to 1895/1879 before minor C of major  completes at or above 2000. The alternate (blue) count remains valid for major  below the PB high of 2116.
SP-500 15-min chart (mid-day):
SP-500 60-min chart (mid-day):
SP-500 4-hr chart (mid-day):
SP-500 daily chart (mid-day):
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