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October 25th, 2017: SP-500 Chart Update

Posted by pugsma on October 25, 2017

5:05 pm EST:   Until the SP-500 price can sell-off below 2417 confirming the P5-C1 top, I’m going to focus on the alternate (blue) wave count.

Today the alternate (blue) count hit the 38% Fibonacci retrace at 2544 for wave minute (4) of minor 3 of major [5]-P5-C1.  The wave minute (5)=(1) target is at 2624 to complete the minor 3 wave.  Ultimate major [5]-P5 should reach the 2700 area in the first half of year 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

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