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February 23rd, 2018: SP-500 Chart Update

Posted by pugsma on February 23, 2018

12:30 pm EST:   The primary (green) wave count looks like a wave minor 2 correction (bull flag) for major [5]-P5-C1 that may have ended at 2698 and now a minor 3 wave up is underway.  Note that the primary wave count minor 2 wave can remain valid as long as it remains above the 2533 low.   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.

Have a great weekend !!!

SP-500 15-min real-time link:  http://www.freestockcharts.com?emailChartID=a93039f0-be17-4525-b718-abb460e2b692

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:

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SP-500 weekly chart:

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