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December 24th, 2018: SP-500 Chart Update

Posted by pugsma on December 24, 2018

2:10 pm EST:   The SP-500 dropped to the weekly 200-day SMA at 2351 and is in the area of the long-term uptrend support on the weekly chart.   The primary (red) PW-C2 wave should be ending here are soon, which should be followed by a PX-C2 wave bounce to a 50%/62% Fibonacci retrace at 2646/2717.   From there the PY-C2 wave should drop to at least a 50% Fibonacci Retrace of the Cycle 1 (C1) wave bull market, which is at 1804.

Have a Merry Christmas !!!

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=62d68e9f-8265-4f53-9bbe-e0fb5bbdd492

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

SP-500 weekly chart:

SP500 Technical Analysis

 

This entry was posted on December 24, 2018 at 2:10 pm and is filed under Premium, SP-500. Tagged: , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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