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June 5th, 2018: SP-500 Chart Update

Posted by pugsma on June 5, 2018

12:45 pm EST:   The primary (green) count is in wave iii-(1) of minor 3 of major [5]-P5-C1, where the wave iii=1.62*i target is at 2785.  The minor 3=1.62*minor 1 target is 2915 and the major [5]=[1] target is 2917.

There is possibility here the SP-500 price is in an alternate (blue) count that is still inside a larger major [4]-P5-C1 contracting triangle, where minor D is completing here near the 2759 pivot.    A wave minor E lower to the 2600/2640 would be next to complete the major [4] triangle.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=11e9ba88-baa6-455c-bf2c-2b1146b07b83

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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