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May 31st, 2018: SP-500 Chart Update

Posted by pugsma on May 31, 2018

4:20 pm EST:  The primary (green) count minor 2 wave stopped at 2677, just short of the 2669 50% Fib retrace.  The minute (1) of minor 3 wave is underway was a target area of 2795.  The minor 3 = 1.62*minor 1 target is 2915.   The major [5]=[1] target is 2917 to complete P5-C1.

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

9 Responses to “May 31st, 2018: SP-500 Chart Update”

  1. MS53 said

    (1) target upgrade!!! Things are looking up.

  2. lauter1 said

    ~$1B SPY buying on weakness.

  3. rat8nine said

    spx 15 – median line tagged again here

  4. kazoom1618 said

    SPX 15min looks like IHS – at neckline now, with target 2782 (wave iii?)

  5. pugsma said

    Cobra don’t fail us now… you promised (80% chance) of a weekly high above 2742.

  6. pugsma said

    Looks at those tight BB’s…

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