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August 23rd, 2017: SP-500 Chart Update

Posted by pugsma on August 23, 2017

6:10 pm EST:  Today the SP-500 price turned right at the 2453 pivot, which is also the 62% Fibonacci retrace of the 2491 to 2417 move lower.   For the very bearish primary (red) count to play a decisive break of 2417 and then 2405 is required soon.  If not and the SPX price closes above the pivot range (+/- 7) at 2460, then the bullish alternate (blue) count must be give a serious probability increase.

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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