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February 4th, 2019: SP-500 Chart Update

Posted by pugsma on February 4, 2019

5:50 pm EST:   The triangle target of 2737 and the 200-day SMA (2742) is near and should complete the major [C]-PX-C2 (primary red) or major [1]-P5-C1 (alt blue) wave.   The next significant move lower will help determine which wave count wins out.

SP-500 15-min chart real-time link:   http://www.freestockcharts.com?emailChartID=d737bb34-5375-496c-a3df-9182be7d3e1f

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

2 Responses to “February 4th, 2019: SP-500 Chart Update”

  1. question on gold stocks… gdx and gdxj…. Do you see a cup and handle on these 2 indexes? Thanks

  2. rat8nine said

    It’s interesting that in median line terms, spy was not very neat at the December low, while qqq was perfect, right at x marks the spot. Today, qqq is at the green median line, at .618

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