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 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: