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August 13th, 2018: SP-500 Chart Update

Posted by pugsma on August 13, 2018

5:05 pm EST:   The primary (white/green) count is that minor 3 of major [5]-P5-C1 peaked at 2863 and the minor 4 wave is underway with a target of a 23%/38% Fib retrace to 2824/2798.  Once minor 4 completes, there should be one more minor 5 push up to the major [5]=[1] target of 2917 to complete P5-C1.  This primary count is valid as long as minor 4 remains above the minor 1 high at 2791.

The alternate (blue) count is that wave (1) of minor 3 of major [5]-P5-C1 peaked at 2863 and the minute (2) of minor 3 wave is underway with a target of a 50%/62% Fib retrace to 2778/2758.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=54a0586a-601f-4983-b37b-79d6129155f9

SP-500 15-min chart:

333aug

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

333aug

SP-500 daily chart:

SP500 Technical Analysis

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