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December 26th, 2017: SP-500 Chart Update

Posted by pugsma on December 26, 2017

3:10 pm EST:    The SP-500 continues to move sideways in what looks like a wave iv-(3) of minor 5 of major [5]-P5-C1 of the primary (green) wave count.  The primary (green) wave count target remains the major [5]=[1] area of 2728.   The alternate (blue) count need begin an impulsive move down and break below 2652 and then 2625 in order to begin to signal a P5-C1 top at 2695.  The alternate (blue) count remains valid below the ending diagonal maximum of 2699.

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