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July 24th, 2018: SP-500 Chart Update

Posted by pugsma on July 24, 2018

12:50 pm EST:   The primary count has been split into to subtly different wave formations (green and blue).  Both of these counts point much higher to a P5-C1 top at 2917 to 3041 late in year 2018.   The primary (green) count is in a wave (3) of minor 3 of major [5]-P5-C1 move higher and will move toward the wave (3)=1.23(1) = 2900 target with little to no pull-backs (lock-out rally).   The alternate (blue) count version has wave (1) of minor 3 ending here near the 2830, which should be followed by a wave (2) pull back to the 50% Fib at 2761 before the wave (3) of minor 3 up move begins in earnest.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=ff7c9c33-19b4-4b3b-94f4-b7512d1e1c40

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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