Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

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

Sorry, the comment form is closed at this time.

 
%d bloggers like this: