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January 8th, 2018: SP-500 Chart Update

Posted by pugsma on January 8, 2019

5:55 pm EST:   The two complete wave counts for PX-C2 are both right on schedule here at 2580.  Next move lower will separate them.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=ddbfeb62-d2f5-47ea-a50a-4507a4729a7f

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

 

2 Responses to “January 8th, 2018: SP-500 Chart Update”

  1. rat8nine said

    Beautiful moment on the charts here. I can’t wait to see what happens next! Meanwhile, qqq landed in a very interesting spot today, hit the .382 at the open, dipped intraday, and then moved up to .886 rt of that intraday dip. There is nothing that says it can’t just push through the blue median line, but it definitely sees it. Price can reverse, coil, or accelerate at the median line, which in median line work is the first target for a move. Depending on the larger context, it can also be the only target…the median line sets are simply a guide, a way of sorting out the moves in conjunction with other tools. It’s interesting to me how often they line up with the wave counts:

  2. rat8nine said

    spy and qqq 5

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