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: http://www.freestockcharts.com?emailChartID=ea643f56-7370-4f55-9107-2857a90d7f1c
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.