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November 26th, 2018: SP-500 Chart Update

Posted by pugsma on November 26, 2018

2:50 pm EST:   The 2631 low last Friday looks like a double bottom, with the potential for a island bottom bullish reversal.  A close above 2671 should set the minor B (primary) or minor 2 (alternate blue) low leading to a big rally into year end 2018 that should reach at least 2802/2872 pivot area.

SP-500 15-min chart 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

5 Responses to “November 26th, 2018: SP-500 Chart Update”

  1. pugsma said

    The wave (1) target is likely closer to 2711 than 2695.

    2671 + (2671-2631) => 2711

  2. pugsma said

    Also $NYMO +DIV wrt SPX price I hammered on about last week played out today and with a very bullish close above the zero line.

  3. rat8nine said

    It is fascinating how the spot where C=A is right in the middle between a .618 rt and a .786 rt.

  4. rat8nine said

    spy 15

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