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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

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