February 22nd, 2018: SP-500 Chart Update
Posted by pugsma on February 22, 2018
4:45 pm EST: The primary (green) wave count looks like a wave minor 2 correction (bull flag) for major [5]-P5-C1. Note that the primary wave count minor 2 wave can remain valid as long as it remains above the 2533 low. SP-500 price needs to break above 2754 to confirm the primary wave count is in a minor 3 of major [5] wave higher. Alternate (blue) wave count remains unchanged and is looking for minor C of major [4]-P5-C1 wave drop to the major [5]=[1] target at 2415. A break below 2533 would confirm the alternate blue wave count.
SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=4dd55d6c-75fb-4801-9202-0d130b6e52ab
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
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