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March 13th, 2018: SP-500 Chart Update

Posted by pugsma on March 13, 2019

5:35 pm EST:    The primary (white/green) wave count is a flat of expanded flat for major [2]-P5-C1 that is completing the minor B wave at 1.0*A =2817 to 1.23*A = 2839.  The next wave would be minor C wave count to 2726 (C=A) to (C=1.62*A=2685).

The alternate (blue) wave is that major [3]-P5-C1 is underway off the major [2] low at 2722.  The first minor 1 wave of major [3] is likely complete at 2821 or nearly complete.  Next should be minor 2 wave pull-back to the 38%/50% Fib retracement at 2784/2772.  Then a minor 3 of major [3] wave up to the 3000+ area.

The SP-500 15-min chart real-time link:

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

3 Responses to “March 13th, 2018: SP-500 Chart Update”

  1. pugsma said

    There is always some confusion about the NYMO “crash zone” -20 to 0.

    It comes into play ONLY in the condition we have right now.

    When the NYMO drops below -40, then rises above -20 on a new SPX rally attempt, but fails to clear 0 to +20 area. It indicates a weak, low breadth rally attempt that is likely to fail.

  2. kazoom1618 said

    3.14 HAPPY PI DAY!!!

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