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May 14th, 2019: SP-500 Chart Update

Posted by pugsma on May 14, 2019

4:50 pm EST:  SP500 price moved up from the 2801 low to 2853 today.  The key level to watch to separate the primary (green) from alternate (blue) count is at the 2872 pivot, which is the 50% Fib (2878) and ST moving averages (see the wave count details on the 15-min chart).  Above 2878, it’s likely the major [2] low is in place at 2801.  A break below 2801 before above 2878 and the major [2] should target the 2723 level.

SP-500 15-min chart:

SP500 Technical Analysis

SP-50 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

9 Responses to “May 14th, 2019: SP-500 Chart Update”

  1. pugsma said

    It’s in German but you get the idea: SP500 during the last 4 major legs higher since year 2009.

    Nu in magenta is Now.

  2. dangd said

    Missed step 2 on the BB trifecta by 4/100ths on the SPX, but got the VIX and the NYAD back in the BB.
    http://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=6&dy=0&id=p32152966307&a=269536931&r=1450045167343&w=990&cmd=print

  3. rat8nine said

    tlry 60

  4. rat8nine said

    spy 60 – retest in the .618 – .786 zone at the open

  5. pugsma said

    I’m watching for 2 Confirming Indicators that the Major [2] low is in place at 2801:

    1) $NYMO close above the zero line.
    2) NYSE A-D Line new high.

    Typically $NYMO would happen first and well ahead of the SP500 price reaching a new high.

  6. pugsma said

    Note for the primary (green) count, the minor B or major [2] target is (c)=(a) at 2868, which is at the 2872 pivot and falling ST moving average resistance.

  7. chrys50 said

    Could the move off of 2801 be a Leading Diagonal Triangle with only wave (a) of B being completed today? The wave (b) down to 2820 before a move up to complete wave B?

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