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September 18th, 2017: SP-500 Chart Update

Posted by pugsma on September 18, 2017

1:50 pm EST:   The primary (green) count is the Cycle 1 (C1) of Super Cycle V (SCV) bull market is on its last gasp move higher to P5=P1 = 2513.  Once C1 completes there should be a large Cycle 2 (2) retracement to the 50%/62% Fibonacci level at 1590/1368.

The alternate (blue) count is that major [5]-P5-C1 is only in the minor 1 wave headed for 2526.  Once minor 1 completes, there should be 50%/62% to Fibonacci retracement to 2472/2458 for the minor 2 wave.  Minor 3 will the head for 2650, where minor 3 = 1.62*minor 1.  Ultimately major [5] should reach the 2700 level some time in the spring of 2018.

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 Analysi

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