February 14th, 2019: SP-500 Chart Update
Posted by pugsma on February 14, 2019
4:40 pm EST: Today the SP-500 price dropped to 2731 for wave minute (4) of minor 5, holding above the key minute (1) 2718 level. The Primary (green) wave count is wave (5) of minor 5 of major [1]-P5-C1 is headed for a (5)=(1) target of 2767. Also, the minor M5=0.62*M1 target is at 2790.
Alternate (blue) wave count is that major [2]-P5-C1 wave lower is underway off a major [1] top at 2762. The 23%/38% Fibonacci retrace targets for major [2] are at 2667/2604. A break below 2718, will confirm this alternate (blue) wave count.
SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=187079c0-b3ec-4674-b4d3-590c239cc9c4
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
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