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September 18th, 2018: SP-500 Chart Update

Posted by pugsma on September 18, 2018

8:00 pm EST:  Primary (red) count continues to show good promise here as the SP-500 price approaches the 2917 ATH (all-time high) and major [5]=[1] target with a large potential negative divergence on the key indicators of daily MACD/RSI, $NYMO and $NYSE A-D.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=f4293f84-afa1-4633-8c11-879ea44953bf

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

16 Responses to “September 18th, 2018: SP-500 Chart Update”

  1. rat8nine said

    Steve, have you heard from Denali lately? I sure do miss his observations in opex week.

  2. rat8nine said

    spx daily….so far today spy has an intraday high of 291.69, just 5 cents shy of the prior high of 291.74

    • rat8nine said

      spx fibs for external retracement:

      2916.50 – 2864.12 = 1.27 at 2930.64

      2872.87 – 2532.69 = 1.128 at 2916.41, and 1.27 at 2964.72

  3. pugsma said

    House Keeping: no update tonight. today’s SPX small range day changed nothing.

  4. pugsma said

    DJIA just hit new ATH. Final requirement for major [5]-P5-C1 top complete.

  5. rat8nine said

    spy daily:

    284.21 – 250.79 = 1.27 at 293.23
    291.74 – 286.71 = 1.27 at 293.10

  6. kazoom1618 said

    SPX monthly (37 years) shows P5 = 1.62 x P1 at 2949:

    https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&st=1980-01-01&en=today&id=p78377306571&a=620326903&r=1537452244071&cmd=print

  7. pugsma said

    $NYMO and $NYSE A-D not confirming the move up. Growing -DIV will eventually play-out…

    https://stockcharts.com/freecharts/gallery.html?$NYAD

  8. pugsma said

    I know I’ll be asked when is the primary (red) count dead.

    It will die only IF the $NYSE A-D can close at a new ATH.

    If that happens, then it C1 top will have wait much longer for $NYSE A-D -DIV to develop again.

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