Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

July 2nd, 2018: SP-500 Technical Analysis

Posted by pugsma on July 2, 2018

5:10 pm EST:   Wave count is right on schedule.  SPX price needs to break above 2746 in order to confirm the minor 2 low is in place and the minor 3 of major [5]-P5-C1 wave up has begun.

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

 

6 Responses to “July 2nd, 2018: SP-500 Technical Analysis”

  1. chrys50 said

    Just a reminder….US markets will close today at 1pm ET and be closed Wednesday July 4th in observation of Independence Day!

  2. pugsma said

    Tremendous underlying positive market breath today.

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

    • droc14 said

      yeah i noticed that in the face of the selling. Trapping shorts today? Would have a very strong one day potential + div w NYMO and SPX.

  3. pugsma said

    Housing Keeping: No need to update SPX charts as today’s price action changed nothing. Also, USA markets are closed on Wednesday in on observation of the July 4th Independence Day. Next blog update will on Thursday, July 5th.

  4. pugsma said

    Decent amount ($587M) of SPY buying on weakness on a half-day trading.

    http://www.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html?mod=topnav_2_3000

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: