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October 10th, 2018: SP-500 Chart Update

Posted by pugsma on October 10, 2018

3:10 pm EST:    The SP500 price hit 2816 and has reached primary (red) wave count 2825 target area for minor 1 of major [1]-PA-C2.   A minor 2 wave bounce to a 50%/62% (2880/2894) Fibonacci retrace should begin soon.

The alternate (blue) wave count is looking for a minor 4 of major [5]-P1-C1 wave to hold above the minor 1 high of 2791.  There is double zig-zag minor 4 target at 2815, where wave (y)=(w).  Once minor 4 completes, minor 5 should make a new high above 2941, with a target at 3041 to complete P5-C1.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=768bfdcb-5543-449b-89ee-f11f5e331462

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

 

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