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April 5th, 2019: SP-500 Chart Update

Posted by pugsma on April 5, 2019

3:35 pm EST:   The SP-500 price relentless march higher from the minor 2 low at 2785 with nothing more than a 20 point pull-back is indicative a wave (3) of 3 of [3].  Now above the 2872 pivot, the SP-500 price is likely headed above the All-Time High (ATH) of 2941 without much of a pull-back.

The primary count has been slightly modified to be wave minute (3) of minor 3 of major [3]-P5-C1.   The wave (3)=4.21(1) target is at 2978, the minor 3 =1.62*minor 1 target is at 2996, the major [3]=0.62[1] target is 3013 and the P5=P1 target is 3051.

Have a great weekend !!!

SP-500 15-min chart real-time link:  http://www.freestockcharts.com?emailChartID=68e22211-a4a4-4d33-b46c-bdca465254fb

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

SP-500 weekly chart:

SP500 Technical Analysis

2 Responses to “April 5th, 2019: SP-500 Chart Update”

  1. pugsma said

    Cobra key stat for this week: SPY up 7 days in a row (last week on Friday). 100% SPY higher high ahead.

    • pugsma said

      Now SPY up 8 straight days.

      Last time was early October 2017 on a SPX rise from 2480 to 2560. Back then the SPX continued on a rally to 2700 (up 5.4%) into December 2017.

      SPX Up 5.4% for here at 2896 is 3053. 💰 😎

      My target 3051.

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