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May 18th, 2018: SP-500 Chart Update

Posted by pugsma on May 18, 2018

4:10 pm EST:  Extremely boring tape today; no changes.

For the primary (green) count, this move up from 2702 to 2732 is either a 78% Fin retrace for wave (b) of minor 2 and wave (c) of minor 2 down to 2692 to 2669 is next OR the wave minor 3 move up is underway off the 2702 Minor 2 low headed above 2872.   A break of 2702 or 2742 will define it.

Both the alternate (blue/red) counts both require a sudden drop breaking below the 2658 pivot and eventually breaking 2595 in order to be confirmed.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=1ee4c022-67b8-4f4a-a96e-f93eb64ade81

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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