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November 30th, 2018: SP-500 Chart Update

Posted by pugsma on November 30, 2018

4:45 pm EST:   Well the SP-500 price closed at 2760 above the IHS neckline of 2747, so wave (2) might have been a shallow (23% Fib) running flat and wave (3) up is already underway to well above 2800+.   There however still is a possibility for a deep wave (2) neat the 38%/50% Fib at 2711/2696.   The 200-day SMA is 2762 and 50-day is 2775, thus “gap and go” Monday would clears that area and likely leads to big SP-500 price gains in December.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=63c5a3c3-0828-417c-a97c-2d17a67e4b69

SP-500 15-min chart:

SP500 Technical Analysis

 
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