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September 26th, 2018: SP-500 Chart Update

Posted by pugsma on September 26, 2018

5:40 pm EST:   The primary (white/red) count is that P5-C1 topped at 2941 in a long running ending diagonal pattern off the 2595 major [4]-P5-C1 low.    The first wave minor 1 of major [1]-PA-C2 is underway headed for the 2802 pivot area.

SP-500 15-min chart real-time chart:

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


One Response to “September 26th, 2018: SP-500 Chart Update”

  1. rat8nine said

    spx daily and spy 5….interesting action today, where price held up until very late in the session, but one data point I track is what spx/ spy do with the first hour range, on fed days. A single break takes price outside of the first hour range, up or down. A double break means price breaks in one direction, then reverses to cross back through the first hour range and break out the other side. A triple break is exactly what it sounds like. I almost never see a fed day where spy doesn’t at least make a double break, and maybe half the time it makes a triple break. Today, price didn’t make a double break until the last half hour of the session. The market news kind of got it wrong, but that’s a little amusing.

    Following the high last Friday, price moved down a little, then basically came back up for a retest between .618 – .786.

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