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December 28th, 2018: SP-500 Chart Update

Posted by pugsma on December 28, 2018

4:20 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 reached 2468 and minor 2 dropped 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.

House Keeping:  As the  9th year of the PUG Stock Market Analysis (PUG SMA) Premium Service comes to a close, I want to thank all the loyal subscribers, many who have been here since the beginning in October 2009.  If you wish to remain with the service for 2019, then please check your e-mails for an offer.  I sent out the 2019 offer via e-mail in early December and I’ll send it out again this later afternoon.

Have a Great Weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=04c3fb1d-640b-4297-bed9-c9e5e35b14e2

SP-500 15-min chart:

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SP-500 daily chart:

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