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November 10th, 2016: SP-500 Chart Update

Posted by pugsma on November 10, 2016

12:40 pm EST:   The primary (white/green) count wave count is that wave (3) of minor 3 of major [3]-P5-C1 is underway with initial target at (3)=2.62*(1) = 2290.  The minor 3 target is at 2332, where minor 3 = 1.23*minor 1, the major [3] = 1.23*[1] target is at 2375 and the P5=P1 target 2513 to complete the Cycle 1 wave.  A very bullish IT-LT outcome indeed.  The SP-500 price must now hold above 2125 and 2085 and move above 2194 for full confirmation.

Alternatively (blue count) is that wave (1) of minor 3 of major [3]-P5-C1 ended today at 2182 and now a 50%/62% correction to 2133/2121 for wave (2) is underway.  From there wave (3)=1.62*(1) = 2192.  The minor 3 target is at 2332, where minor 3 = 1.23*minor 1, the major [3] = 1.23*[1] target is at 2375 and the P5=P1 target 2513 to complete the Cycle 1 wave.

SP-500 15-min chart:

pug-sp-500-15-min-11-10-16

SP-500 60-min chart:

pug-sp-500-60-min-11-10-16

SP-500 4-hr chart:

pug-sp-500-4-hr-11-10-16

SP-500 daily chart:

pug-sp-500-daily-11-10-16

SP-500 weekly chart:

pug-sp-500-weekly-11-10-16

This entry was posted on November 10, 2016 at 12:37 pm and is filed under SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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