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August 10th, 2017: SP-500 Chart Update

Posted by pugsma on August 10, 2017

6:00 pm EST:   With today’s drop to 2338 breaking below 2439, we now a primary count P5-C1 top possibility at 2491.  We need to see a break of 2406 to confirm and then this will then bring the alternate (blue) count into play.   However, there can be no full confirmation of the P5-C1 top until the major [1]-P5-C1 high at 2121 is broken, invalidating the alternate (blue) wave count for a major [4]-P5-C1 low at 2376/2301 (23%/38% Fib).

Details for short-term wave counts are shown below on the 15-min and 60-min charts.

Enjoy the summer weekend !!!

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

SP-500 weekly chart:

SP500 Technical Analysis

 

 

This entry was posted on August 10, 2017 at 5:58 pm and is filed under Premium, SP-500. Tagged: , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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