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.

February 14th, 2019: SP-500 Chart Update

Posted by pugsma on February 14, 2019

4:40 pm EST:    Today the SP-500 price dropped to 2731 for wave minute (4) of minor 5, holding above the key minute (1) 2718 level.  The Primary (green) wave count is wave (5) of minor 5 of major [1]-P5-C1 is headed for a (5)=(1) target of 2767.  Also, the minor M5=0.62*M1 target is at 2790.

Alternate (blue) wave count is that major [2]-P5-C1 wave lower is underway off a major [1] top at 2762.   The 23%/38% Fibonacci retrace targets for major [2] are at 2667/2604.   A break below 2718, will confirm this alternate (blue) wave count.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=187079c0-b3ec-4674-b4d3-590c239cc9c4

SP-500 15-min chart:

 

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

 
%d bloggers like this: