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.

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

Leave a Reply

 
%d bloggers like this: