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May 22nd, 2018: SP-500 Chart Update

Posted by pugsma on May 22, 2018

5:35 pm EST:   SP-500 price on the 15-min chart now looks like a bullish ascending triangle with price target at 2782, possible minor 1 of major [5]-P5-C1 price target per the primary (green) wave count).

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

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis


5 Responses to “May 22nd, 2018: SP-500 Chart Update”

  1. pugsma said

    The $NYSE A-D made another new high yesterday and has a significant break-out higher.$NYAD

    The $NYSE Summation Index is also in a bullish trend and breaking out higher.

    These both a signs of the resumption of significant bullish trend as per the primary (green) wave count.

  2. Lars Bech said

    HI PUG.. Is this not worrying? We have a clear – div 1 month long. Besides that we have – div on hourly og daily charts! I think this suggest that your RED count is in play. If true next target would be 2742-401 = 2341. Thoughts?? Thx

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