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September 4th, 2018: SP-500 Chart Update

Posted by pugsma on September 4, 2018

2:35 pm EST:  As predicted the SP-500 price pulled back in a wave (4) to 2885 (38% Fib 2893), that so far has held above the wave (1) high of 2873.   Next there should be at least one more push above 2917 for wave (5) of minor 5 of major [5]-P5-C1.   Wave (5) targets range from 2920 to 2929.

Note:  It’s also possible that the SP-500 is still in a wave minor 3 of major [5]-P5-C1, instead of the final wave minor 5.   It this alternate (blue) scenario the SP-500 will continue to push higher towards the major [4] triangle target of 3041.   I will explore this alternate (blue) wave count in more detail later this week.

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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