December 17th, 2014: SP-500 EOD Update
Posted by pugsma on December 17, 2014
7:15 pm EST: The major [2]-P5-C1 bottom appears to be in place at the 1972 low from Tuesday, Dec 16th. However, we still need to see a few move waves and a move above 2017 and then above 2036 for full confirmation.
The SPX/NYMO/VIX, SP-500 Buy signals were all confirmed on today’s close. The VIX could use third and final step (red VIX tomorrow) for full confirmation, but the VIX Sell, SPX Buy signal even after step 2 is typically reliable.
SP-500 15-mi chart (EOD):
SP-500 60-min chart (EOD):
SP-500 4-hr chart (EOD):
SP-500 daily chart (EOD):
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