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September 17th, 2017: SP-500 Chart Update

Posted by pugsma on September 17, 2018

5:20 pm: Per the primary (red) wave count the SP-500 price might have seen a uber-rare, uber-bearish failed 5th wave.  The $NYMO has tuned down in within the -20 to zero, crash zone after attempting a rally from below -40.  A very dangerous technical situation.

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 Analysis

8 Responses to “September 17th, 2017: SP-500 Chart Update”

  1. pugsma said

    FYI yesterday saw the first major Wall Street Firm (Morgan Stanley) call for a lower 12-Month SPX price target range of 2400 to 2750.

  2. possible nymo -d v friday here today. meaningful steve?

  3. pugsma said

    DJIA is now about 350 points (1.3%) from an ATH.

    Getting the DJIA above 26,616 and the SPX above 2917, prevents a 5th wave failure across all indices.

  4. Paul said

    Hi Steve, thanks for the update. Did you switch back to the bullish blue alt count as the primary? Thanks!

    Sent from Yahoo Mail for iPhone

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