March 20th, 2017: SP-500 Chart Update
Posted by pugsma on March 20, 2017
3:00 pm EST: The SP-500 is trapped in the dull-drums between 2353 and 2401. There can be no resolution in the short-term wave counts until this range breaks.
However it’s important to keep in mind that in the intermediate-term picture that the major [3]-P5-C1 top is either in place at 2401 or very near at 2421. There should be a significant correction in both price and time for major [4]-P5-C1 that could last several months and correct 125 to 175 SPX points (-5 to -7%).
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
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