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January 19th, 2017: SP-500 Chart Update

Posted by pugsma on January 19, 2017

5:10 pm EST:   SP-500 Short-Term (ST) price is at tipping point here just above 2254.  If 2254 holds, then 50 to 60 point move up to 2313 should be next (primary count).  A drop below 2254 should see a 20 drop to at least 2234 and maybe another 27 points lower to 2207 (alternate blue count).  Note that the McClellan Oscillator $NYMO closed below -20 and below it lower BB, setting up a potential SPX Buy signal.

SP-500 15-min chart:


SP-500 60-min chart:


SP-500 4-hr chart:


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