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March 6th, 2018: SP-500 Chart Update

Posted by pugsma on March 6, 2018

2:40 pm EST:  As can be seen on the 60-min chart, the SP-500 price has hit the pink down channel line resistance point at 2732.   The 50-day SMA resistance of 2736 his also at the same place.  It the SP-500 price can break this resistance zone from 2732/2736, then the primary (green) count should be a confirmed in wave (3) of minor 3 wave up towards the 2872 pivot.

Conversely the alternate (blue) count has reached the 62% Fib retrace at 2735 for the minute (2) of minor C of major [4] wave.   The alternate (blue) count must break below 2647 in order to confirm.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=0a17dba5-876d-44e1-93ad-628055861735

SP-500 15-min chart:

SP500 Technical Analysis

 

SP-500 60-min chart:

SP500 Technical Analysis

 

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