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January 17th, 2019: SP-500 Technical Analysis

Posted by pugsma on January 17, 2019

4:30 pm EST:  The 50% Fibonacci retrace of 2645 was hit today.  This level fits well with the termination of this move up for both wave counts.  Details shown on the charts below.   The primary (red) wave count is looking for a major [B]-PX-C2 pull-back to a 38%/50% Fib retrace at 2532/2496, before wave more push up to the 2807 pivot for the major [C]-PX-C2 wave.   The alternate (blue) is looking for a PW-C2 wave headed towards the 1800 level over the next year or two.  This alternate (blue) count would be confirmed on a break below 2347.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=22c267d3-7815-4562-aacc-4df20f4422f5

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

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