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March 13th, 2017: SP-500 Chart Update

Posted by pugsma on March 13, 2017

10:25 pm EST:   Here is a quick look at the SP-500 charts at the beginning of the week.  Nothing has changed on the open today.  Still need a break below 2353 to confirm the primary (green) count or above 2401 to confirm the alternate (blue) count.   As always finding a major top, like major [3]-P5-C1, is a process and it’s not easy nor quick (as contrast to sharp bottom).  We been looking for major [3] top in the 2375 to 2421 range for several months now (well before the Nov 2016 US Presidential Election) and that is precisely were we are.

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

 

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