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December 3rd, 2018: SP-500 Chart Update

Posted by pugsma on December 3, 2018

4:40 pm EST:   The SP-500 price gapped above the 200-day SMA (2762) and reached 2800 at the open.   Today’s consolidation above the 50-day SMA (2772), looks like a small continuation triangle wave iv.   Wave count details on the charts below.   Still expecting this move up from 2631 to reach at least 2842 to 2867 (primary red), if not much higher to 3000+ (alternate blue).

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=1bd34646-8246-429e-bb77-42458cd4f2b3

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 Daily Chart:

SP500 Technical Analysis

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