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March 28th, 2018: SP-500 Chart Update

Posted by pugsma on March 28, 2018

6:15 pm EST:   Still no resolution to the recent SPX 2533 to 2802 range.  I’d expect something to break one way or the other early next week.

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 update:   http://www.freestockcharts.com?emailChartID=12fb0c25-88d0-4939-a01c-19a16898b6ba

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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