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April 24th, 2018: SP-500 Chart Update

Posted by pugsma on April 24, 2018

5:15 pm EST:   The primary (green) minor E wave of the major [4]-P5-C1 contracting triangle has retrace 62% of the minor D wave.   The minor D wave also retraced 62% of the minor C wave.   The earlier Minor B and C wave retraced 78% and 88%, respectively.   Thus, the triangle is contracting tighter as the end, as is typical.  The primary (green) wave count remains valid above the minor C low at 2554.  Below 2554, the alternate (blue) wave count takes over with the major [4] completing as a simple Zig-Zag at the minor C=A target of 2463.

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

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