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April 5th, 2018: SP-500 Chart Update

Posted by pugsma on April 5, 2018

5:05 pm EST:   The primary (green) count remains the major [4]-P5-C1 contracting that is currently in a minor D wave headed for the upper yellow triangle boundary around 2731.  Wave minute (a) of minor D has complete at 2672 or might move a little higher to the 2695 pivot area before a minute (b) 50% Fibonacci retracement to the 2613/2629 area and finally a wave (c) up to 2731, where (c)=(a).

The alternate (blue) is that major [4] is playing out as a simple zig-zag towards the C=A target of 2463.   Within the minor C wave down, the minute (2) wave looks be playing out an expanded for toward the 50%/62% Fibonacci retrace of 2678/2708.  Once minute (2) completes, the minute (3) would drop be the 2533 low.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=0b4a4083-3923-47c3-bcd6-c8d811968bcd

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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