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August 28th, 2017: SP-500 Chart Update

Posted by pugsma on August 28, 2017

4:15 pm EST:   The  SP-500 price continues to chop waiting on the next BIG move.

The primary (red) count is that wave (3) of minor 3 of major [1]-PA-C1 is underway headed for the (3)=1.62(1) target at 2359.  This primary (red) wave count remains valid below 2354 and then below 2475 if wave (2) of minor 3 decides to move higher before the wave (3) down.

The alternate (blue) count is that wave (3) of minor 1 of major [5]-P5-C1 is underway headed for the (3)=1.62(1) target 2496.   The alternate (blue) wave count remains valid above 2417.

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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