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June 27th, 2018: SP-500 Technical Analysis

Posted by pugsma on June 27, 2018

7:45 pm EST:  I did some looking at the charts after the close and I really like the new alternate (blue) count here.  And ultimately it’s more bullish (higher target than 2917).

The primary (green) count is that minute (2) of minor 3 of major [5]-P5-C1 completed at 2699 and minute (3) is off to a i-ii target at 2746-2700.  Wave iii-(3) is next with at target at 2823, where iii=2.62*i.

The alternate (blue) count is that minor 2 of major [5]-P5-C1 has been underway since the minor 1 high at 2791.  The typical minor 2 targets are the 50%/62% Fibonacci retracements at 2693/2670.   There is potential triple zig-zag count from 2791 to a 2670 target, where (z)=(y).

Note there is potential +DIV on the MACD of both the 15-min and 60-min charts,

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

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