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July 11th, 2017: SP-500 Chart Update

Posted by pugsma on July 11, 2017

12:10 pm EST:   The primary (green) count is that the minor 4 wave ended at 2406 and is now 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 is that major [3] completed at 2453 and major [4]-P5-C1 is now headed for the 23%/38% Fibonacci retrace at 2347/2278.

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:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysi

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