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May 4th, 2017: SP-500 Chart Update

Posted by pugsma on May 4, 2017

1:15 pm EST:  No change in the wave counts again today with the small price action.  Above the 2366 pivot, the primary and alt blue wave counts are constructive for a major [5]-P5-C1 underway headed for the P5=P1 target at 2514. Below the 2366 pivot, the alt red count looks for the major [4]-P5 to continue lower to the 2306 23% Fib retrace target.

Have good weekend !!!

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

SP-500 daily chart:

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