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September 10th, 2021: SP-500 Chart Update

Posted by pugsma on September 10, 2021

11:35 am EST: I wanted to quickly update the 15-min and 60-min charts today (Friday, Sept 10th), because the SP-500 is close to breaking down in the alternate(blue) count. A drop below the 50% Fib target of 4457 for the primary (white/green) wave count wave ii-(3) of minor 3 of major [5]-P1, would indicate that the alternate (blue) count is gaining momentum. This 4457 area is all the potential ending diagonal lower trend-line of the alternate (blue) wave count. However, the primary (white/green) count does remain valid above 4368, which was the wave (2) of minor 3 of major [5]-P1 low.

Enjoy your weekend !

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

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