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March 20th, 2019: SP-500 Chart Date

Posted by pugsma on March 20, 2019

4:45 pm EST:   The primary (white/green) wave count is that is that minor 1 of major [3]-P5-C1 completed today at 2852.   There should be a minor 2 wave pull-back to the 38%/50% Fibonacci retracement area of 2803/2787.   The minor 2 wave should unfold as minute (a)-(b)-(c), where minute (a) concluded today at 2812, wave (b) moved up to 2843 and (c)=(a) at 2802 or (c)=1.62(a) at 2779.

The alternate (blue) wave count is that minor 3 of major [3]-P5-C1 is underway off the minor 2 low at 2803.  Wave minute (1) of minor 3 concluded today at 2852 and wave minute (2) ended at 2812.  Wave (3) of minor 3 up should be underway.  A drop below 2803 invalidates this alternate (blue) count and confirms the primary wave count.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=b533cc83-e228-4be2-a2b1-fe48d7eec5c9

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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