July 5th, 2017: SP-500 Chart Update
Posted by pugsma on July 5, 2017
2:55 pm EST: The primary count is that the SP-500 price is headed for the minor 5 of major [5]-P5-C1 top in the 2465 to 2514 (P5=P1) area. A break below 2404 would invalidate the primary wave count.
The alternate (blue) count that major [4]-P5-C1 is headed for the 23% Fibonacci retrace at 2347, which is also the wave 4 of lesser degree at 2345.
The alternate (red) count is that P5-C1 topped at 2453 and C2 his headed for the 50% Fibonacci retrace of C1 at 1560.
Note: both of the alternate counts become invalid above 2453.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
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