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June 14th, 2018: SP-500 Chart Update

Posted by pugsma on June 14, 2018

5:25 pm EST:  The SP-500 weekly chart is extremely bullish.  The weekly MACD has gone bull-cross and has lots of room to run up.   The SP-500 target is 2917 (major [5]=[1]) to 3041 (triangle target) for the top P5-C1.

The 15-min chart looks like what could be a bull flag formation and thus the minor 3 of major [5]-P5-C1 wave could just grind higher per the alternate (blue) count labels.  In a minor 3 bull wave the bias is heavily upward and pull-backs are typical small.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=6269680d-6ca4-4aeb-bbad-95f8291a146b

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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