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March 27th, 2018: SP-500 Chart Update

Posted by pugsma on March 27, 2018

5:45 pm EST:  The primary (green) count for the SP-500 is major [4]-P5-C1 contracting triangle with the orthodox low at 2533.  The move up to 2802 was minor B and the subsequent drop to 2586 was minor C.  Now a minor D wave up to the 2759 pivot and another minor E wave down to the 2658 pivot to complete the triangle.  The triangle target for major [5]-P5 is at 3041.

On a break below 2533, then the alternate (blue) count takes over as a simple zig-zag to a C=A target of 2463 for major [4]-P5-C1.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=d0261493-68c8-4637-9942-96e8352e389c

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:

SP500 Technical Analysis

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