October 13th, 2016: SP-500 Chart Update
Posted by pugsma on October 13, 2016
10:30 am EST: Primary (green) count is that minor 2 of major -P5-C1 is on target to retrace to the 2105 to 2093 (50% Fib) area. The wave (y)=(w) target is at 2104. There is also an alternate (blue) version where minor 2 would retrace deeper to the 62%/78% Fib of 2069/2036. Both primary count versions remain valid above 1992. The primary wave count is ultimately headed for P5=P1=2514
The alternate (red) count is that P5-C1 topped at 2194 and now the Cycle 2 (C2) wave down towards 1575 is underway. However, it will take a break below 1992 to confirm.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
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