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July 20th, 2017: SP-500 Chart Update

Posted by pugsma on July 20, 2017

3:10 pm EST:   The SP-500 price has moved precisely has I projected on the 15-min chart a week ago on July 13th.

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 2480 to 2513 (P5=P1) area.

The 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].  Note:  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.  At April 2018, the time of the P5 wave will equal the 2 years, 2 months time span of the P1 wave.

Have a great weekend !!!

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technincal Analysis

SP-500 daily chart:

SP500 Technical Analysis

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