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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