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January 16th, 2019: SP-500 Technical Analysis

Posted by pugsma on January 16, 2019

4:55 pm EST:  The SP-500 price has reached the forecast 2629 to 2642 target range, which is also the 50-day SMA (2628) and 50% Fibonacci Retrace (2644) of the 2941 to 2347 drop.   For the primary (red) count this completes the major [A]-PX-C2 wave.   For the alternate (blue) count this completes all of the PX-C2 wave.   The next pull-back (major [B-PX-C2) or drop (PW-C2) will determine, which wave count is correct.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=f56fec72-bb40-469b-83e5-80b30b552887

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analylsis

SP-500 daily chart:

SP500 Technical Analysis

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