Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

January 20th, 2017: SP-500 Chart Update

Posted by pugsma on January 20, 2017

3:40 pm EST:    No change in the counts with today’s price action.  Either minor 3 of major [3]-P5 needs one more push up to 2313 (primary) or is complete at 2282 (alternate).  We should see resolution early next week.

SP-500 Short-Term (ST) price is at tipping point here between 2254 and 2282.  If 2254 holds, then 50 to 60 point move up to 2313 should be next (primary).  With a drop below 2254, then expect a 20 drop to at least 2234 and maybe at total of 57 points lower to 2207 (alternate).

Have a wonderful weekend !!!

SP-500 15-min chart:


SP-500 60-min chart:


SP-500 4-hr chart:


SP-500 daily chart:


SP-500 weekly chart:


Sorry, the comment form is closed at this time.

%d bloggers like this: