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May 22nd, 2017: SP-500 Chart Update

Posted by pugsma on May 22, 2017

5:25 pm EST:   With the SPX move up to 2396 today, there is no change in the wave counts.  However the alternate (red) count is being stretched to the limit of 2406.   For the primary and alternate (blue) count, I’m looking for a near term topping out again at the 2401 pivot and then a mild pull-back to hold above the 2366 pivot before moving much higher towards 2500+.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP-500 4-hr chart:

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