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June 3rd, 2019: SP-500 Chart Update

Posted by pugsma on June 3, 2019

3:55 pm EST:  The SP-500 price (2729 low today) is entering the major [2]-P5-C1 38%/50% Fibonacci retracement target zone of 2723 to 2651.

The NYMO is likely to close higher (green) today, showing continued underlying market strength (breadth).   A confirmed NYMO +DIV wrt SP500 price would be confirmed on a green NYMO close.  These types of long (3 plus week) NYMO +DIV wrt SP500 price “typically” lead to a massive SP500 price rally that lasts at least as long (3 weeks).

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

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