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May 1st, 2018: SP-500 Chart Update

Posted by pugsma on May 1, 2018

5:05 pm EST:  SP-500 price dropped to 2625 (nearly breaking the key 2613 level) then rallied to 2655 to close virtually unchanged.  Note: the DJIA dropped to 23,808 and did break the equivalent SPX 2613 level (23,828).

All 3-wave count are still on the table here between 2613 and 2717.   A break of this range will be the key to separate the counts.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=56b11bac-6cda-4fdd-915e-0636bb125b77

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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