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January 9th, 2019: SP-500 Chart Update

Posted by pugsma on January 9, 2019

7:55 pm EST:  For the primary (red) count, the SP-500 price has met the 2597 price target objective for the major [A]-PX-C2 wave.   A 50% Fibonacci retracement to the 2491/2453 pivot for the major [B] wave could begin at any time.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=66420d3c-a9cf-46d0-b929-57b23225ee31

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

 

13 Responses to “January 9th, 2019: SP-500 Chart Update”

  1. possible still in c (4) ?

  2. JW said

    Interesting strength exhibited by 5 min cumulative tick since the market bottom in late December:

    https://stockcharts.com/h-sc/ui?s=%24TICK&p=5&yr=0&mn=2&dy=3&id=p6878453743c&a=639518247

  3. gsm said

    Hi Steve,

    What are the chances that 2595 was the end of M3 (instead of 2580) and M4 started today at 2562?

  4. rat8nine said

    Steve, for the blue count, is it relevant that [C]=.886*[A] at 2797.85, or not something to consider at the moment?

  5. pugsma said

    House Keeping: No need for an SP-500 update tonight.

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