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April 23rd, 2019: SP-500 Chart Update

Posted by pugsma on April 23, 2019

6:45 pm EST:  Both wave counts are right on schedule.  See the 15-min and 60-min chart for details.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

7 Responses to “April 23rd, 2019: SP-500 Chart Update”

  1. Hi Steve, great TA the past few days. This has been a grand rally. My question: I know you like to follow the NYMO, as I do. Why is it still below 0, when we are going straight up? Is it foretelling a wave 2 correction? Thanks

    • pugsma said

      It’s been a one day rally after a week of consolidation. NYMO is an oscillator, like MACD and RSI. It resets near -40 during periods of weakness and consolidation.

  2. chrys50 said

    Steve – is minute (1) complete at 2937?

  3. pugsma said

    Clearly in wave (2) of minor 5 of major [3]-P5-C1 after a slightly higher high at 2937 yesterday to end wave (1).

  4. rat8nine said

    spy 5 as of now

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