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December 28th, 2017: SP-500 Chart Update

Posted by pugsma on December 28, 2017

3:40 pm EST:   The SP-500 price continues to move sideways in very time range between 2676 and 2695 during this last week of 2017 in what looks like a contracting triangle wave iv-(3) of minor 5 of major [5]-P5-C1.   Once the triangle wave resolves, the primary (green) count is looking for one more surge toward the major [5]=[1] target at 2728.   A break above 2695 confirms the primary count.  The alternate (blue) count is looking for hard drop out of this consolidation to break below the 2665 and then the 2652 levels.

House Keeping:  Thank you for your business during the year 2017.   If you have not made a payment for year 2018 Premium Service (both SP-500 and all other charts) and wish to continue for 2018, then use the following link:  http://pugridironsma.blogspot.com/   A new TOS signing is not required.  Note:  As I indicated in my original December 4th e-mail, the year 2018 discounted pricing ($480 annual, $270 semi-annual, $150 quarterly) is only valid until midnight Dec 31st, 2017.   On January 1st, 2018 the pricing will be set to full fee ($600 annual, $330 semi-annual, $180 quarterly).

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=83a87ded-7d1b-43db-9b67-f9ace78a6e24

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

 

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