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February 8th, 2018: SP-500 Chart Update

Posted by pugsma on February 8, 2018

5:25 pm EST:  Today the SP-500 hit a slightly lower low at 2581 vs 2593 with a potential positive divergence on MACD and RSI across the 60-min and 15-min charts.   The $NYMO (McClellan Oscillator) also shows a potential positive divergence with the new SP-500 price.  If this +DIV holds tomorrow and the SP-500 price holds in this 2555/2581 area, then there should be another furious SP-500 price rally back to at least he 2723/2358 area.   There are still two possible wave counts at play here are shown on the charts below.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=b692a49a-b058-4824-a733-b7f95e1f5105

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 Techncial Analysis

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