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May 16th, 2019: SP-500 Chart Update

Posted by pugsma on May 16, 2019

2:35 pm EST:  The SP-500 price movement has tracked the alternate (blue) wave labels on 15-min chart almost to perfection since the 2801 low on Monday.   However, the primary (green) count remains valid below the 2954.

A SP500 close above 2878 with an NYMO above zero and a new NYSE A-D line high, will mean the alternate (blue) count is the more likely outcome.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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