January 9th, 2017: SP-500 Chart Update
Posted by pugsma on January 9, 2017
3:30 pm EST: The looks like minor 3 of major [3] is likely winding down. The M3=M1 target is 2286, so maybe just more push above 2282 is left.
Primary (green) count is that wave (4) of minor 3 of major [3]-P5-C1 is played out as a Zig-Zag with c=1.38a target at 2234. Wave (5) of minor 3 is underway and has made a new high above 2278. The wave (5) target is at the area of 2299 to 2314, where (5)=0.50(1) to 0.62(1). Note the maximum for wave (5) is 2324, so that wave (3) is not the shortest wave. Wave i-(5) hit 2264 and wave ii-(5) retraced 62% to 2245. Wave iii-(5) completed at 2282, where iii=1.23*i target. Wave iv-(5) has retraced 38% to 2267. The wave v=i=2297 to complete (5). The primary (green) count as labeled remains valid above the wave (1) high 2214.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
Sorry, the comment form is closed at this time.
