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February 8th, 2019: SP-500 Chart Update

Posted by pugsma on February 8, 2019

4:30 pm EST:   There are a couple ST and IT bullish signals that appeared this week.  For the Short-Term (ST), during the 3 day pull-back the SP-500 price held the 13-day EMA (2688) and the consolidation area (2675) and closed at 2708.   Also, the $NMYO closed two consecutive days below its lower BB, which is a ST SPX Buy trigger.   For the Intermediate-Term (IT) the SP-500 weekly MACD confirmed its bull-cross of the last week (Feb 1st).   This means that the alternate (blue) count with major [1]-P5-C1 extending to the 2757 to 2807 pivot area is more probable in the short-term and new all-time highs for P5-C1 at 3050 to 3100 are more probable in the intermediate-term.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=8dcbb30b-7ce0-415c-8ed3-4b2b6bedf859

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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