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July 6th, 2017: SP-500 Chart Update

Posted by pugsma on July 6, 2017

2:45 pm EST:   SP-500 price continues to hover above a key an inflection point at 2406.

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.

Have a great weekend !!!

SP-500 15-min chart:

SP500 Techincal Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

This entry was posted on July 6, 2017 at 2:43 pm and is filed under Premium, SP-500. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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