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February 7th, 2017: SP-500 Chart Update

Posted by pugsma on February 7, 2017

4:30 pm EST:   The VIX has been rising (negative divergence) as the SPX price moved up to match the 2300.99 high (hit 2299.40).   Also, the SPX 60-min chart has rolled over with a negative divergence.  We should see the wave (5) ending diagonal break down soon and usher in the minor 4 wave retrace to the 23%/38% retracement of 2259/2225.

SP-500 15-min chart:

pug-spx-15-min-2-7-17

SP-500 60-min chart:

pug-spx-60-min-2-7-17

SP-500 4-hr chart:

pug-spx-4-hr-2-7-17

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