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April 6th, 2018: SP-500 Chart Update

Posted by pugsma on April 6, 2018

4:45 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.  Yesterday saw wave minute (a) of minor D completed at 2672 and today a deep minute (b) 78% Fibonacci retracement to 2586.  Wave (c) of minor D should now move up toward 2704, 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% Fibonacci retrace of 2672.  Wave (3) of minor C looks to be underway toward a (3)=(1) target at 2456.  A break below 2554 and then 2533, will confirm the alternate (blue) count.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=8a7eb087-18b4-4d21-bd43-f23b4322895a

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

 

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