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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

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