PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

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:


SP-500 60-min chart:


SP-500 4-hr chart:


Sorry, the comment form is closed at this time.

%d bloggers like this: