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February 23rd, 2017: SP-500 Chart Update

Posted by pugsma on February 23, 2017

2:25 pm EST:   We maybe starting to see the typical required MACD negative divergence (-DIV) on the SPX daily and 4-charts between the minor 3 or major [3] price peak of 2278 from Dec 14th, 2016 and the minor 5 of major [3] price peak hear near 2375.   This -DIV should usher in the major [4]-P5 pull-back down to the 2278 pivot.

The SPX price needs to break below 2339 to confirm the major [3]-P5 top.

SP-500 15-min chart:


SP-500 60-min chart:


SP-500 4-hr chart:


SP-500 daily chart:


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