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January 22nd, 2018: SP-500 Chart Update

Posted by pugsma on January 22, 2018

6:35 pm EST:  This major [3]-P5-C1 wave that began from SPX 2084 the day before the November 2016 Presidential Election is wave one for the record books.  Looks like a minute (4) wave triangle formed between 2807 and 2769.   The final minute (5) wave push up to the triangle target of 2845 is underway to complete minor 5 of major [3]-P5-C1.  A wave major [4] pull-back to at least the 2695 pivot area (23% Fibonacci retrace is 2675) is still required to establish the negative divergences on the indicators (RSI/MACD) of the long-term and weekly chart before the final major [5]-P5-C1 top in the 2900 to 3000 area.

SP-500 15-min chart real-time link:

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Techncial Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Daily Chart

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