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August 14th, 2018: SP-500 Chart Update

Posted by pugsma on August 14, 2018

4:45 pm EST:  No change in the wave counts.   The low at 2820 might be the minor 4 low for the primary count; a break above 2863 is needed to confirm.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=f00c887a-9db7-4122-95cd-b1768de50c54

SP-500 15-min chart:

SP500 Techincal Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

5 Responses to “August 14th, 2018: SP-500 Chart Update”

  1. pugsma said

    Looks like the Cobra could strike the first mouse again:

    pugsma on August 14, 2018 at 8:53 am
    Cobra VIX vs SPX Stat: Lower Low Ahead 88% Chance

    VIX Up > 30% in two consecutive trading days, 88% chance (23 of 26 Since Year 2010) that there is a lower low ahead for SPX.

  2. pugsma said

    If it’s the primary wave count look for +DIV on the $NYMO at the close.

    If not, then look out below for another 40 to 50 points down per Alt blue count.

    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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