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February 1st, 2017: SP-500 Chart Update

Posted by pugsma on February 1, 2017

4:45 pm EST:   Today SP-500 price rallied to 2289, fell to 2272  and then closed at 2280.  As long SP-500 price remains above 2267 and 2257, a higher high above 2301 for minor 3 is still forecast via the primary wave count.  Break below 2267 and then 2257 will confirm the alternate (blue) count minor 4 wave.

SP-500 15-min chart:

pug-spx-15-min-2-1-17

SP-500 60-min chart:

pug-spx-60-min-2-1-17

SP-500 4-hr chart:

pug-spx-4hr-2-1-17

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