May 9th, 2017: SP-500 Chart Update
Posted by pugsma on May 9, 2017
2:15 pm EST: We may be looking at a small pull-back for both primary and alternate (blue) counts. The primary count would be a wave (2) of minor 3 of major [5]-P5-C1 that should hold the 2379 wave minor 2 low with the 50%/62% Fib at 2392/2388. The alternate (blue) would be a minor 2 of major [5]-P5-C1 wave that should hold the 2366 pivot (38%/50% Fib at 2375/2366). A break below the 2366 pivot could open the down for the alternate (red) count major [4]-P5-C1 low back down at 2306.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
Sorry, the comment form is closed at this time.
