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January 4th, 2019: SP-500 Chart Update

Posted by pugsma on January 4, 2019

5:10 pm EST:   As forecast, the SP-500 price moved aggressively higher today from the 50% Fib retrace (2444), hitting 2538.   The two wave counts are aligned at the moment with a move up underway 2597 pivot target area.

Enjoy your weekend !!!

SP-500 15-min chart real-time link:

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


20 Responses to “January 4th, 2019: SP-500 Chart Update”

  1. Jan Wolansky said

    For what’s it worth, NYMO should close today in excess of 72, which is the highest close printed over the last 3 years; the last time it closed higher was on March 1, 2016, which was at the beginning of a protracted move up for the S&P500, per the linked chart:

  2. ruscitti said

    per McClellan, ZBT indicator is a mediocre indicator

  3. pugsma said

    Just a heads up for the alternate (blue) count wave have major [C]=0.62[A] at 2552, which is at the February 2018 low resistance band of 2533/2554.

  4. pugsma said

    Unless the market rolls over into the close, then the ZBT (close above 0.615) is very likely to trigger today.

  5. rat8nine said

    qqq 60 – there is a key area fib wise where:

    187.00 – 143.46 = .382 at 160.09
    172.82 – 143.46 = .50 at 158.14

  6. rat8nine said

    spy 60 – median line minimum target hit here

  7. pugsma said

    Just another heads up, Cobra is showing a large number of charts and indicators that predict the SPX 2337 December low is likely to get taken out on a move lower.

    Which of my two counts options it follows is what we’ll track here.

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