October 10th, 2019: SP-500 Chart Update
Posted by pugsma on October 10, 2019
5:15 pm EST: The primary (red) wave count is that wave iii-(1) of minor 3 of major [1]-PA-C2 is underway with the target are 2839, where iii=1.62*i. Wave minute (1) of minor 3 should reach the 2807 pivot before the minute (2) wave bounce to a 50% Fib at 2884. The minor 3 target is at 2689, where minor 3 =1.62*minor 1. Ultimately the major [1] target should be the 2597 pivot area. The primary (red) wave count remains valid below the 2960 minor 2 wave high.
The alternate (blue) wave count is that wave minute (2) of minor C of major [5]-P5-C1 is complete are near complete at the 62%/78% Fib of 2895/2979. The minute (3) wave should reach the 3061 target, where (3)=1.62(1). Ultimately the P5=P1 target is at 3051 to complete P5-C1. The alternate (blue) wave count remains valid above the minor B low at 2856.
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.