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March 10th, 2017: SP-500 Chart Update

Posted by pugsma on March 10, 2017

1:39 pm EST:   The primary (green) count is that the SP-500 topped major [3]-P5-C1 at 2401 and is now in the major [4] wave with Fib retrace targets are 2306/2246.   Within major [4], the minor A wave is underway, which should be 5-waves lower.  Wave minute (1) reached 2354 and wave (2) bounced to a 50% Fib of 2377.   Wave (3) should be underway head for the (3)=1.23(1) target of 2319.  There is head and shoulders top on the 15-min chart with target of 2305, which should complete the minor A wave.  The primary (green) count remains valid below 2401.

The alternate (blue) count is that wave (5) of minor 5 of major [3]-P5-C1 is underway from 2354 headed for a new high above 2401.  The target area is 2421, where [3]=1.38[1].    The alternate (blue) count remains valid above 2254.

Have a great weekend !!!

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

SP-500 daily chart:

SP-500 weekly chart:

 

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