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January 12th, 2018: SP-500 Chart Update

Posted by pugsma on January 12, 2018

2:45 pm EST:   The primary (green) count wave is that minute (5) of minor 5 of major [3] ending is underway and near complete at 2785.  The final minute (5) wave should push up to a target area of 2792=(5)=0.62(1) to 2827=(5)=(1).  Also the major [3]=2.62[1] target is at 2807.   After the major [3] top, there will be a significant major [4] wave drop in the April-June time frame.   The 23%/38% Fibs that the SP-500 price back down towards at least the 2597 pivot, which would be a -6% correction.

House Keeping:  Monday, Jan 15th, is the Martin Luther King Holiday in the USA.  Markets will be closed.  The next blog post will be on Tuesday, Jan 16th.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=274af700-7e13-4b8a-93b4-83d661938fb9

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

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