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May 14th, 2018: SP-500 Chart Update

Posted by pugsma on May 14, 2018

6:45 pm EST:   As forecast the SP-500 moved higher today to hit 2742.

The primary (green) count should continue to see the minor 3 of major [5]-P5-C1 wave move up in the 2831 target area were minor 3 = 2.0*minor 1.  Ultimately major [5] should reach at least the wave [5]=[1] target of 2917.

The alternate (blue) and (red) counts need this wave up from 2595 to terminate at the 2759 pivot area where several key target exist and then begin a large downward wave 3 that breaks below 2595 and 2533.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=524a64c6-a5e8-491a-8b51-61a74d03ba2c

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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