July 13th, 2017: SP-500 Chart Update
Posted by pugsma on July 13, 2017
2:55 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 before above 2453 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%/38% Fibonacci retrace at 2380/2305. Then a final major [5]-P5 wave up to 2691/2616, where [5]=[1] and P5=1.23*P1 = 2676. This new alternate (blue) wave count should take the timing of the C1 top out into late 2017 to early 2018. Note in April 2018 the time of the P5 wave will equal the 2 years, 2 months time span of the P1 wave.
Have a great summer weekend !!!
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
SP-500 monthly chart:
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