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November 8th, 2017: SP-500 Chart Update

Posted by pugsma on November 8, 2017

2:00 pm EST:  The SP-500 price continues to grind towards the major [5]-P5-C1 target at 2675 to 2687 (wave major [5]=[1]).   The short-term primary wave count is that wave minute (5) of minor 3 of major [5] is headed for the (5)=(1) target at 2624.  An alternate (blue) short-term wave count is that minute (5) of minor 3 will end at 2600, where (5)=0.62(1).   It both cases a wave minor 4, 23% Fibonacci pull-back to the 2578 to 2560 area should follow the wave minor 3 high.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analys

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

SP-500 weekly chart:

SP500 Technical Analysis

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