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December 27th, 2018: SP-500 Chart Update

Posted by pugsma on December 27, 2018

5:00 pm EST:   The primary (red) count is that Primary W (PW) of Cycle 2 (C2) bottom at 2347 on the Dec 24th, 2018.   The Primary X (PX) wave up of Cycle 2 (C2)  is now underway that should reach the a common X-wave Fibonacci retracement target of 50%/62%/78% (2644/2715/2810).   The major [A] wave of PX has seen minor 1 reach 2468 and minor 2 drop to 2398 (57% retracement).  The current move up from 2398 is a minor 3 wave, that should reach the minor 3 = 1.62*minor 1 target at 2594.  Minor 4 should retrace 23% to 2549, before minor 5 completes major [A] at 2624, where minor 5 = 0.62*minor 1.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=df0cbd71-c20d-4aad-890f-a174712ad3be

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

6 Responses to “December 27th, 2018: SP-500 Chart Update”

  1. Lars Johansen said

    Thx Pug. Your old primary count was looking for minor 3 target 2333. We got 2347. Then yesterday we got a 0.382% retrace or little over at 2489. Next would be a minor 5 to complete major 3 at 2254? Is that correct? Thx

  2. kazoom1618 said

    VIX buy trigger Step #3 (close below #2) triggered yesterday, joining SPX and NYMO triggers.

  3. kazoom1618 said

    SPX 10min – IHS neckline 2504 – target 2650:

    https://stockcharts.com/h-sc/ui?s=%24SPX&p=10&yr=0&mn=1&dy=0&id=p33308931833&a=281275842&r=1546025795042

  4. shf99977 said

    $spx looks like a reversal at 13 day EMA. Any significance to that? http://schrts.co/z7wbtW

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