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September 10th, 2018: SP-500 Chart Update

Posted by pugsma on September 10, 2018

7:20 pm EST:   No change today in the SP-500 blue vs red wave counts.  It will take a break of the 2801 to 2917 range in order to confirm one or the other.

The blue vs red wave count scenario here brings back this quote for one of my all-time favorite Movies (The Matrix):

Morpheus says to Neo: You take the blue pill—the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill—you stay in Wonderland, and I show you how deep the rabbit hole goes. Remember: all I’m offering is the truth. Nothing more.

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

8 Responses to “September 10th, 2018: SP-500 Chart Update”

  1. rat8nine said

    Steve, I don’t mean to confuse the issue, but is there a any remote chance that 2917 was minor 3?

  2. pugsma said

    House Keeping: today’s small range on the SPX changed nothing with the two wave counts, this no need for a blog update.

  3. pugsma said

    Some here are always trying to use the $NYMO -20 to zero “crash zone” at the wrong time.

    Well today we actually have a $NYMO crash zone warning trigger (drop below -40 then rise into -20 to zero range). This is dangerous technical condition that require the $NYMO to close above zero the next day.

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