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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:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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