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March 23rd, 2017: SP-500 Chart Update

Posted by pugsma on March 23, 2017

2:00 pm EST:   Primary (green) count is a major [4]-P5-C1 double Zig-Zag to at least the 23% Fib retrace of major [3] at 2306.    The first Zig-Zag, minor W, reached the 2336 target.  Minor X is underway with a target at the 38%/50% Fib retrace of 2361/2369.  Once Minor X completes, Minor Y should reach the Y=W target at 2304/2296.

The alternate (blue) count is a major [4-P5-C1 single Zig-Zag that completed at 2336.  Major [5]-P5 should be underway with minor 1 of major [5] headed for 2401.  Ultimately major [5] should reach the P5=P1 target at 2514.

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

SP-500 daily chart:


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