March 30th, 2017: SP-500 Chart Update
Posted by pugsma on March 30, 2017
12:05 pm EST: The primary (green/white) count has the major [4]-P5-C1 low at the 2322, which is just above the typical 23% Fibonacci retrace of 2306. Major [5]-P5 should now target 2514, where [5]=0.62[1]. Wave minor 1 of major [5] should target the 2401 high. The primary count remains valid above 2322.
The alternate (blue) count is that major [4]-P5-C1 will correct much deeper to the 38% Fibonacci pf 2246. For this count major [4] will play out as a complex double corrective (i.e. double Zig-Zag). The first 3-wave Zig-Zag just completed at 2322 and now a 3-wave X-wave is underway to a 62% retrace at 2371. Once the X-wave ends, the down trend will resume toward the 2278 pivot. The alternate (blue) count remains valid below 2401.
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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