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April 3rd, 2019: SP-500 Chart Update

Posted by pugsma on April 3, 2019

5:05 pm EST:  Per the primary count wave (1) of minor 3 of major [5]-P5-C1 reached 2885.  A small minute wave (2) pull-back to a 38% Fibonacci retracement at 2847 is due next.  Today’s drop from 2885 to 2865 was wave a-(2) (or all of (2) per the alt blue label) and the move up to 2875 if b-(2).  There should be one more leg down to c=a=2855.   Once wave (2) completes, there should be a strong push up for wave minute (3) of minor 3, toward at target of 2970.  The minor 3 wave target is at 2996, where minor 3 = 1.62*minor 1, the major [3] is 3013 and the P5=P1 target is at 3051.

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=a2f0b18c-b3e4-434e-a7ff-cdba54fb916c

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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