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February 6th, 2017: SP-500 Chart Update

Posted by pugsma on February 6, 2017

4:15 pm EST:  Looking more and more like 3-push up (2282, 2301, 23xx) pattern, ending diagonal wave minute (5) since the wave minute (4) or minor 3 low at 2134.   We should see one more push above 2301 (so far 2298), but with these bearish ending diagonal patterns things can break down at any time during 3rd and final push up.   I’m still looking for a coming minor 4 that will retrace to the wave 4 of previous degree at 2234.

SP-500 15-min chart:


SP-500 60-,om chart:


SP-500 4-hr chart:


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