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March 6th, 2017: SP-500 Chart Update

Posted by pugsma on March 6, 2017

6:50 pm EST:  We are still looking to define the major [3]-P5-C1 top in the 2401 to 2421 range.   The SP-500 price is at a ST inflection point here near the 2366 pivot.  The oversold $NYMO below -40 and below its lower BB would indicate another attempt at a move back up towards or above 2401 is likely before a more significant drop.  A break below the 2353/2350 area should confirm the major [3] top.  See the 15-min and 60-min charts for the wave count details.

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

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