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July 12th, 2017: SP-500 Chart Update

Posted by pugsma on July 12, 2017

11:15 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 new alternate (blue) count is that major [3]-P5-C1 is extending toward a [3]=1.62[1] target at 2496.  Once complete there will be a major [4] correction down to a 23% Fibonacci retrace at 2380.   Then a final major [5]-P5 wave up to 2691, where [5]=[1] and P5=1.23*P1 = 2676.  This new alternate (blue) wave count should take the timing of C1 top out into late 2017 to early 2018.  Note in April 2018 the time of P5 will equal the 2 years, 2 months time span of P1.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

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