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September 7th, 2018: SP-500 Chart Update

Posted by pugsma on September 7, 2018

3:55 pm EST:   The SP-500 primary (blue) wave count is looking higher towards 3041 (3211 possible) for the top of P5-C1 into early to mid-year 2019.   Wave ii-(3) of minor 3 of major [5]-P5-C1 is underway with a 50%/62% Fibonacci retrace target of 2860/2846.  From there wave iii-(3) of minor 3 should move much higher toward a minor 3 = 1.62*minor 1 target at 3010.

The bearish alternate (red) wave count P5-C1 top at 2917 requires a break below 2802 and then 2791 begin confirmation.

Have a great weekend !!!

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

SP-500 daily chart:

SP500 Technical Anallysis

SP-500 Weekly Chart:

SP500 Technical Analysis

One Response to “September 7th, 2018: SP-500 Chart Update”

  1. droc14 said

    so looks like we just missed both the NYMO & ViX 1st step buy signals. NYMO didnt close below the Lower BB and the Vix closed just under the upper BB. If we get more weakness early next week could be some good setups for the blue count. Not saying we need this to go higher just would be very nice :). Have a good weekend.

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