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March 29th, 2018: SP-500 Chart Update

Posted by pugsma on March 29, 2018

5:15 pm EST:   The 15-min chart blue down trend channel was broken today to the upside.   A potential sign that the primary (green) count move to 2740 maybe underway.

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.

House Keeping:  Q1-2018 has ended.  The US markets are closed on Friday, April 30th.   If you are a quarterly subscriber and wish to continue with the premium service, then you will need to make a payment before the market opens again on Monday, April 2nd.

Have a wonderful Easter Holiday Weekend !!!

SP-500 15-min chart real-time link:

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

SP-500 weekly chart:

SP500 Technical Analysis

One Response to “March 29th, 2018: SP-500 Chart Update”

  1. droc14 said

    Steve- we got your lower low below 2585.

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