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November 5th,m 2018: SP-500 Chart Update

Posted by pugsma on November 5, 2018

3:00 pm EST:   If 2700 low holds we might have a Minor B wave triangle for the primary.  Also 2700 was exactly a 38% Fib retrace.  Minor B waves (primary red) are typically shallow 38%/50% Fib retracements versus a deeper 62%/78% Fib retracement for minor 2 waves (alt blue).

SP-500 15-min care 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

10 Responses to “November 5th,m 2018: SP-500 Chart Update”

  1. pugsma said

    AAPL and GLD Daily and Weekly Charts updated.

  2. Jan Wolansky said

    The low may not be in: $1.2 billion of selling on strength today

  3. lauter1 said

    Decent SPY selling on strength today of $1B.

  4. chrys50 said

    Steve – if the triangle plays out what is the measured move target? I see a potential IHS (LS, RS = 2759, H = 2603) that projects to the 2900 area.

  5. chrys50 said

    DJI has broken higher but SPX and SPY lag.

  6. pugsma said

    House Keeping: Todays muted SPX price action means no need to update the charts to tonight.


  7. chrys50 said

    Looks like we are in Minor C wave for the Primary. In bear markets do C waves break down to 5 subwaves or just 3 subwaves (ABC)?

  8. rat8nine said

    spy 15 – somewhere up here….

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