April 2nd, 2018: SP-500 Chart Update
Posted by pugsma on April 2, 2018
12:45 pm EST: With the slightly lower low below 2586 at 2570, the SP-500 60-min chart has a potential +DIV on both the MACD and RSI.
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 2570 (Fibonacci 88% retrace at 2566) 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=12eac957-800a-488d-af84-30a87551aa77
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
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