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January 25th, 2019: SP-500 Chart Update

Posted by pugsma on January 25, 2019

12:10 pm EST:   The continued SP-500 price strength suggests that there is a possibility that the Cycle 1 mark top may exceed the October 2941 high.

The primary (red) count is that major [A]-PX-C2 is extending to the 2695 pivot in a 5-wave move up off the 2347 PW-C2 low.

The new alternate (blue) count is that P4-C1 bottomed at 2347 and this 5-wave move up is major [1]-P5-C1.

In either case, after this 5-wave move up, there should be a 3-wave pull-back (38%/50%=2563/2521) before another 5-waves higher to 2810/2870 (primary) or 3001 (alternate).

Have a great weekend !

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=858d0264-7163-4bda-9e8c-62c7f4561f53

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

 

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