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January 3rd, 2019: SP-500 Chart Update

Posted by pugsma on January 3, 2019

1:00 pm EST:   The drop to 2447 so far today is just above the expected 50% Fib retrace target of 2434 for a wave minor 2 of major [A]-PX (primary red) or major [B]-PX (alternate blue).

The primary (red) count is a slow path to the PX target of a 62%/78% Fibonacci retracement at 2715/2810.

The alternate (blue) count is a fast path for PX to a 50% Fibonacci retracement at 2644.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=6c565a1b-21cb-4a0f-ac15-0b7d2c628af9

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

 

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