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December 29th, 2017: SP-500 Chart Update

Posted by pugsma on December 29, 2017

11:00 am EST:   The SP-500 price continues to consolidate in what appears to be an ascending triangle for wave (4) of minor 5 of major [5]-P5-C1 per the primary (green) count.  Today’s move up to 2692 looks like wave d-(4).  Now a wave e-(4) down that must remain above the wave c-(4) low 2678.   Once the wave (4) triangle completes (maybe today), there should be a final wave up for minor (5) towards at target at (5)=0.62(1)=2731.  There is also the major [5]=[1] target at 2728.   A break above 2695 will confirm the primary (green) count wave (5) up is underway.

The alternate (blue) count with the P5-C1 top at 2695 would be invalidated on a move above 2699 (the ED maximum).   The alternate (blue) count needs to break below 2665 and then 2652 to gain traction.

Year 2017 has been good for both passive investors and active traders with the SP-500 up 20%.   I’m expecting year 2018 to be a very challenge one for passive investors.  However active traders should find the increase volatility in year 2018 helps them out perform by using good technical analysis fundamentals to identify good trading set-ups

Wishing you and your family a safe and prosperous 2018 New Year !!!

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 linkhttp://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).

Subscriber Recruitment Offer:  If you recruit a new subscriber for year 2018, I will offer you and the new subscriber a 2018 Premium Service discount.   E-mail me at pug.sma.llc@gmail.com for details.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=94f401f5-b102-47d3-95ed-23c4ded0d16f

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

SP-500 weekly chart:

SP500 Technical Analysis

SP-500 monthly chart:

SP500 Technical Analysis

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