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September 13th, 2018: SP-500 Chart Update

Posted by pugsma on September 13, 2018

4:30 pm EST:   The primary (red) count required a -DIV on the $NYSE A-D line with respect to SPX price.  One more push up to 2917 to 2920 to complete P5-C1 should do it, as both the $NYSE A-D and $NYMO is now lapping SPX price severely.  The primary (red) wave count has been modified accordingly.

The alternate (blue) wave count is in a wave iii of minute (3) of minor 3 of major [5]-P5-C1 is underway from the wave ii-(3) low at 2864.  The wave iii-(3) target is at 2979, where iii=i.  The wave (3) target is at 2994, where (3)=1.23(1).  And the minor 3 target is 3010, where minor 3 = 1.62*minor 1.  Ultimately, major [5]-P5-C1 should reach at least the major [4] triangle target at 3041.   The alternate (blue) wave count would go invalid on move blow 2802.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=2f48f128-7b55-4a5e-a3ee-ad559b00e47c

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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