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December 8th, 2017: SP-500 Chart Update

Posted by pugsma on December 8, 2017

4:35 pm EST:  The SP-500 price rebounded further today to just above the 62% Fibonacci retrace at 2650.   The primary (red) count with the P5-C1 high at 2665, must now see an immediate drop below 2625 for confirmation early next week in a wave iii-(1) lower.   The alternate (blue) count is in a wave iii-(3) wave up headed for a 2706 target for minute (3).  A break above 2665 will confirm.  The alternate blue count is looking for P5-C1 to top near the major [5]=[1] target of 2728.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=b11d0f64-ac6d-48c8-8b15-69831c262031

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 Weekly Chart

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