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:
SP-500 60-min chart:
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