September 5th, 2018: SP-500 Chart Update
Posted by pugsma on September 5, 2018
6:10 pm EST: The primary wave count is wave minute (4) of minor 5 of major [5]-P5-C1 has been playing out since the 2917 all-time new high. Assuming wave (4) completed at 2877 today, the wave (5)=(1) target is a 2925 to complete minor 5 of major [5]-P5-C1. Note: The long standing major [5]=[1] target is at 2917.
The alternate (blue) much more bullish wave count is that minor 3 of major [5]-P5-C1 is underway since the minor 2 low at 2692. The minor 3 = 1.62*minor 1 target is at 3010. Ultimately the major [5] wave to complete P5-C1 should reach at least to the major [4] triangle target at 3041.
Note: A break below 2802 and 2791, would signal that the P5-C1 top is likely in place.
SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=2e28b053-166d-483d-8ee9-c495f3557f21
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.