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June 25th, 2019: SP-500 Chart Update

Posted by pugsma on June 25, 2019

5:20 pm EST:   Today’s drop to 2916 is likely minute (a) of minor 2 of major [3]-P5-C1 per the primary (green) wave count.  There should be a minute (b) wave bounce up to the re-test the 2941 pivot before a (c)=1.62(a) drop to the 38%/50% Fib area of 2874/2846.

For the alternate (blue) count the drop 2916 is likely minor 4 of major [5]-P5-C1.   There should be more push above 2964 for minor 5 to complete major [5]-P5-C1.  The maximum for minor 5 is at 3005, so that the minor 3 wave is not the shortest wave of major [5].

House Keeping:   This week is the last week of Q2-2019 (Apr-June) and the Semi-Annual-2019 (Jan-June).  Check your e-mails for the Q3 (July-Sept) and SA2 (July-Dec) sign up information.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

 

SP-500 4-hr chart:

SPP500 Technical Analysis

One Response to “June 25th, 2019: SP-500 Chart Update”

  1. pugsma said

    IF you look at the late January to early February 2019 time frame, there is a fractal that looks very similar to this late June to early July time frame. If it plays out the primary (green) count will move higher for another 3 months (until October) after this pull-back completes.

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