January 31st, 2019: SP-500 Chart Update
Posted by pugsma on January 31, 2019
2:40 pm EST: Everything going precisely has forecast. Triangle target of 2737 and 200-day SMA (2742) still possible for this minor 5 of major [A]-PX-C2 wave per the primary (red) wave count). For the alternate (blue) count this move up to 2737 would complete major [1]-P5-C1. Both wave counts are looking for a significant 38%/50% Fibonacci Retracement of the 390 point (2347 to 2737) move up. First 38% Fib target is near the 2597 pivot area, which is also the 50-day SMA (2609) support.
SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=8324d863-4765-4fce-aa09-25744d555f3f
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
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