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October 26th, 2017: SP-500 Chart Update

Posted by pugsma on October 26, 2017

3:50 pm EST:   The primary (red) count is that wave minute (1) of minor 1 of major [1]-PA-C2 ended at 2544 and this 62% Fibonacci retrace bounce to 2467 is wave minute (2).   This primary (red) count is valid for wave (2) below 2578.

The alternate (blue) count is that wave minute (4) of minor 3 of major [5]-P5-C1 ended at 2544.  Wave minute (5) is headed for a (5)=(1) target at 2624.  This alternate (blue) count is valid for wave (4) above the wave (1) high at 2508.

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

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