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October 26th, 2016: SP-500 Chart Update

Posted by pugsma on October 26, 2016

5:2o pm EST:  The SP-500 price is still coiling above the key 2135 pivot support.   As long as the 2135 pivot range (2128 to 2142) holds, the primary (green) count is on solid footing.  If a break down of the 2135 pivot occurs, then a fresh low below 2115 is likely for the completion of the minor 2 wave at the 50%/62% retrace of 2093/2067 per the alternate (blue) wave count.

SP-500 15-min chart:


SP-500 60-min chart:


SP-500 4-hr chart:


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