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May 9th, 2018: SP-500 Chart Update

Posted by pugsma on May 9, 2018

3:40 pm EST:  The SP-500 price broke above the 50-day SMA (2676) at the opening and climbed to 2701.    The short-term primary (green) wave count show on the 15-min chart from Monday, as be followed nearly perfectly, as I did not have more any labels or circles 2 days later.  The wave minor 1 of major [5] target was 2709.  The alternate (blue) count is seriously in danger of becoming invalid on a move above 2717.  The triangle upper yellow boundary was hit today.   The next few days should be decisive.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=a384a1d7-5893-45a3-91de-eec77719d30c

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

 

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