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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:  http://www.freestockcharts.com?emailChartID=7405332b-dd53-4fb4-9a51-1d94f654310b

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.

    http://stockcharts.com/freecharts/gallery.html?$NYAD

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

    http://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=2&mn=0&dy=0&id=p93046581133&a=168906275&listNum=2&listNum=2

    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

    http://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=6&dy=0&id=p32152966307&a=269536931&r=1450045167343&cmd=print

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