PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

August 23rd, 2018: SP-500 Chart Update

Posted by pugsma on August 23, 2018

6:00 pm EST:  With the SP-500 new All-time high at 2873 this week, EVERYTHING required to satisfy the P5-C1 top is now in place.  There is building negative divergence (-DIV) across all time frames from the weekly to the 4-hr charts.   Eventually this -DIV on the weekly will usher in the Cycle 2 (C2) wave 50% retrace towards 1792.

The minute (2) of minor of minor 5 of major [5]-P5-C1 wave has already pulled back 19 points to 2854.   The typical Fibonacci targets is the 50% retrace at 2838.   After minute (2) complete, there are only 3 waves (3), (4), (5) left to the top of P5-C1.  The ideal target for the P5-C1 top is major [5]=[1] = 2917.

Have a great weekend !

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=9f60a20c-36f6-4215-8333-5cbd207bebb4

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

Sorry, the comment form is closed at this time.

 
%d bloggers like this: