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May 30th, 2019: SP-500 Chart Update

Posted by pugsma on May 30, 2019

5:15 pm EST:   The NYMO turned positive today, confirming the “potential” positive divergence with respect to the SP500 price drop below the May 13th closing low of 2811.

While it’s possible there could be a slightly lower low than 2766 (alt blue count), it’s more likely that the major [2] low is in place at 2766 (primary green count).

SP-500 vs VIX vs NYMO:

SP500 Technical Analysis

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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