Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

March 12th, 2019: SP-500 Chart Update

Posted by pugsma on March 12, 2019

5:00 pm EST:   The highest probability (88%) primary (white/green) wave count is another down wave of minor C to complete major [2]-P5-C1 with targets are the 23%/38% Fibonacci retracement at 2708/2638.  There are wave targets of minor C=A at 2703 and C=1.62*A at 2644.

A lower probability (12%) alternate (blue) wave count is that the major [2] low is in place at 2722 and that major [3] up to a new all-time high above 2941 is underway.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=be85e80a-c4e1-427e-9ea8-022ce76b2cf5

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

 

8 Responses to “March 12th, 2019: SP-500 Chart Update”

  1. rat8nine said

    spx 60 and 15 – on the 60 minute, the green lines are at the two areas Steve is showing, where C=A, and C=1.62*A

  2. Is the primary count intact as long as 2817 isn’t breached ? Is the alternate count valid as long aw 2722 holds ?

    Rat8nine…..thanks for the ongoing charting contribution.

  3. rat8nine said

    qqq 15 – one thing was troubling me yesterday, which was the lack of a median line target hit for qqq….

  4. Quite interesting move from 2722.

    – Monday’s steep vertical run up looked quite Impulsive.
    – Tuesday’s Ascending Wedge turns that around, pointing to a Bearish move down, supported by some pretty astute in depth analysis. The turn down at the end of the day seems to confirm this too.
    – Then today all that seems to turn around again, we head up and are now (as of 10:35 PDT), hitting 2817 resistance for the third time.

    And we are at another nexus point … ‘So where to now St Peter’ …?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: