PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

January 31st, 2017: SP-500 Chart Update

Posted by pugsma on January 31, 2017

1:00 pm EST:   SP-500 price has made a slightly lower low at 2267.21 vs 2268.02 with a potential 15-min chart +DIV on MACD(12,26) and a 60-min chart +DIV on RSI(9).  Price is also at the lower triangle trend-line.  Underlying strength in small caps is also present.  The set-up is present for a decent bounce.  This could be the completion of the primary count minute (5) of minor 3 wave to 2322 or the alternate (blue) count minute (b) of minor 4 wave to 2280/2285.

SP-500 15-min chart:

pug-spx-15-min-1-31-17

SP-500 60-min chart:

pug-spx-60-min-1-31-17

SP-500 4-hr chart:

pug-spx-4-hr-1-31-17

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: