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August 9th, 2017: SP-500 Chart Update

Posted by pugsma on August 9, 2017

4:50 pm EST:   SP-500 chart updates below.  There are a couple near-term options for the primary (green) count to make new P5-C1 high above 2491 at 2502 to 2513.  The alternate (blue) count looks like major [3]=1.62[1] = 2496 target was hit (2491) and now there should be major [4] correction down to the Fibonacci retrace of 23%/38% at 2380/2305.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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