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November 1st, 2018: SP-500 Chart Update

Posted by pugsma on November 1, 2018

5:00 pm EST:   The primary (red) count wave minor A of major [2]-PA-C2 has reached the target area of the 2759 pivot.  A 50% Fibonacci retrace to the 2695 pivot for the minor B is due next.

The alternate (blue) count wave minor 1 of major [5]-P5-C1 has reached the target are of the 2759 pivot.  A 50% Fibonacci retrace to the 2695 pivot for minor 2 is due next.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=8e4c0890-f442-4ef4-b71e-70280308f7e8

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

13 Responses to “November 1st, 2018: SP-500 Chart Update”

  1. kazoom1618 said

    SPX 60min – in a perfect world, to reach 2816 for wave c, and c=a then wave b needs to fill the gap below – see blue arows:

    http://schrts.co/jd7TVi

  2. pugsma said

    So how everyone like my call from 2604 low Minor A wave to 2759 and then minor B wave to 2681. 😎

    It’s good to be the King 👑

  3. pugsma said

    FYI if you believe in the alt blue count here, then you want a deeper wave minor 2 retrace to 62%78% Fib of 2662/2638.

    Wave 2’a need to scare the blank out of traders….

  4. Dinesh Murgai said

    🙂

  5. Dinesh Murgai said

    loving it.. Thanks

  6. pugsma said

    Keep in mind the minor B or 2 wave should be 3 waves down from 2757. Wave (a) looks like it ended at 2700. Now in minute (b) up and then minute (c) down.

  7. pugsma said

    Keep in mind they with the $NYMO close at +27 (above +20), this all but assures a new SPX wave above 2757 to 2813.

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