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October 1st, 2018: SP-500 Chart Update

Posted by pugsma on October 1, 2018

6:30 pm EST:   The SP-500 price rebounded today and is still within the 4 month long bearish rising wedge (Ending Diagonal).   The move up today failed make a new high and again came on bad breadth (i.e. falling $NYMO).   When this bearish rising wedge breaks down, it’s likely going to come with some ugly falling price action.  The primary (white/red) count is still in full effect below the ED max of 2973.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=55c0a87b-5daf-4531-80b3-05c44b68c88b

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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