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June 18th, 2019: SP-500 Chart Update

Posted by pugsma on June 18, 2019

2:30 pm EST:  As expected the movement out of the tringle consolidation is in the direction of the move into the triangle (up).   Looking for minor 1 of major [3]-P5-C1 to complete between 2931 (the minimum triangle target) and 2954 (old all-time high).   But keep in mind that the SP-500 is in a major [3] bull wave and most surprises during a major [3] bull wave are upward (i.e. pull-backs are muted and are a typically bought aggressively).

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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