June 13th, 2019: SP-500 Chart Update
Posted by pugsma on June 13, 2019
4:40 pm EST: The NYSE A-D Line closed at a new all-time high today, confirming the primary (green) wave count that major [3]-P5-C1 has been underway since the 2729 low for major [2]. The old alternate (blue) count calling for a lower major [2] low has been removed. It’s now simply a matter if minor 1 completed at 2911 or needs to reach the 2941 pivot area first before the minor 2 correction.
Have a great weekend !!!
NYSE A-D Line:
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
pugsma said
Last week look a lot like a wave (4) of minor 1 triangle between 2911 and 2875 (36 points).
Triangle target is 2911 + 36 = 2947.
pugsma said
Needs to break 2911 to confirm.
pugsma said
And for the wave count with minor 1 topped at 2911, then this would be a minute (b) of minor 2 wave triangle with the triangle target for (c) of minor 2 at 2875 – 36 = 2839.