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August 14th, 2017: SP-500 Chart Updte

Posted by pugsma on August 14, 2017

2:55 pm EST:  Primary wave (red, because of the Cycle 2 (C2) wave down) count is looking for wave minor 2 of major [1]-PA-C2 bounce to the 62%/78% Fibonacci retrace at 2471/2479.   The alternate (blue) wave count is looking for minor B of major [4]-P5-C1 bounce to the 62%/78% Fibonacci retrace at 2471/2479.  Both counts are looking for big drop lower after this bounce.

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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