PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

June 28th, 2017: SP-500 Chart Update

Posted by pugsma on June 28, 2017

10:25 am EST:  The primary count is that minor 3 of major [5]-P5-C1 completed at 2453 and the minor 4 wave retraced 38% (2415) to the wave (4) of previous degree at 2415.   Wave minor 5 should now or soon be underway headed for a minor 5 = minor 1 target of 2495.  The P5=P1 target is 2514.  The primary count remains valid as long as minor 4 remains above the minor 1 high of 2404.

The alternate (blue) count is that P5-C1 toped at 2453 and the Cycle 2 (C2) wave down to a 50%/62% Fibonacci retrace of Cycle 1 (C1) at 1560/1346.   The alternate (blue) count is valid below 2353.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: