Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

May 1st, 2017: SP-500 Chart Update

Posted by pugsma on May 1, 2017

1:30 pm EST:   The SP-500 price is struggling to move above the 2401 pivot.  So far the SPX price action is not indicative a minor 3 wave up to SPX 2468 as per the primary wave count.  This could mean that minor 2 is still unfolding and price will need to break below 2382 to the 38%/50% Fib at 2378/2372 before minor 3 kicks-off.   However it also means that major [4]-P5-Flat (alt red count) back down to test the 2322 low is still possible here.

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 4-hr chart:

Sorry, the comment form is closed at this time.

%d bloggers like this: