PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

May 3rd, 2019: SP-500 Chart Update

Posted by pugsma on May 3, 2019

4:20 pm EST:  Today’s SP-500 price action went precisely has forecast yesterday (see the 15-min chart from May 2nd).   The move up to 2954 is wave minute (1) of minor 5 of major [3]-P5-C1.  Major [3] target remains at 3013 and P5-C1 at 3051, where P5=P1.

Note:  It’s important here to point out that now that the SP-500  price has exceeded the previous all-time high of 2941 from September of 2018, the P5-C1 wave has satisfied its requirement.  Meaning the P5-C1 top could be in place at 2954 or very close to in place (i.e. primary count P5=P1 target of 3051).  A break below 2852 (yellow line on 60-min chart) would be the first warning sign of a P5-C1 top.

Have a great weekend !!!

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:

SP-500 Technical Analysis

Sorry, the comment form is closed at this time.

%d bloggers like this: