May 10th, 2019: SP-500 Technical Analysis
Posted by pugsma on May 10, 2019
3:20 pm EST: The key 2817 price held at the 2825 low, thus as mentioned yesterday, all 3 wave count options shown on the charts remain valid. Only a break above 2954 or below 2817 will determine if the bullish (primary green/alt blue) or (bearish alt red) count wins out. Count details and price targets show below on the charts.
Note: The 4-hr chart shows an interesting potential back-test of the neckline (2817) of the bullish large Inverse Head and Shoulders (IHS) with target of 3287 (per the alt blue count).
Have a great weekend !!!
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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