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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:  http://www.freestockcharts.com?emailChartID=d140f368-4756-4866-906c-de845094ea53

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:

    https://stockcharts.com/h-sc/ui?s=%24NYMO&p=D&yr=3&mn=0&dy=0&id=p3351634746c&a=423337850

  2. ruscitti said

    https://stockcharts.com/articles/tac/2015/10/tom-mcclellan-zweig-breadth-thrust-signal.html

    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.

    https://stockcharts.com/h-sc/ui?s=%24NYADV%3A%24NYTOT&p=D&yr=0&mn=1&dy=0&id=p16500670031

  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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