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August 22nd, 2017: SP-500 Chart Update

Posted by pugsma on August 22, 2017

1:30 pm EST:   The primary (red) count is that wave (2) of minor 3 of major [1]-PA-C2 is retracing to a 62% Fib of 2453.   The primary count remains valid below 2475.  The next move should be a wave (3) of minor to a target of 2359, where (3)=1.62(1).

The alternate (blue) count is that major [4]-P5-C1 ended at 2417 and the major [5]-P5-C1 wave up towards 2700 is underway.  The alternate count remains valid above 2417.

SP-500 15-min chart:

SP-500 Technical Analysis

SP-500 60-min chart:

SP-500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

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