May 24th, 2017: SP-500 Chart Update
Posted by pugsma on May 24, 2017
3:10 pm EST: The primary (green/white) count is that minor 3 of major [5]-P5-C1 is underway toward a target at 2471, where minor 3 = 2.0*minor 1. There should continue to be only small pull-backs as the minor 3 wave extends upward. The ultimate target for major [5]-P5 is at 2513, where P5=P1.
The alternate (blue) count is that major [4]-P5-C1 ascending triangle is finishing up the minor D wave here at the 2401 pivot and minor E back to the 2366 pivot area is next. Once the major [4] ascending triangle completes, the major [5] wave should head for the triangle target of 2480.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
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