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August 20th, 2019: SP-500 Technical Analysis

Posted by pugsma on August 20, 2019

7:15 pm EST:  The SP-500 price has been trapped between the 2807 and 2941 pivots for the past 2 weeks.  A break of that range will determine the wave count outcome.   Details shown below on the 15-min chart.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

13 Responses to “August 20th, 2019: SP-500 Technical Analysis”

  1. rat8nine said

    iwm monthly:

  2. rat8nine said

    Steve, I’m curious, have you done work on $USD?

  3. pugsma said

    The SP-500 chart shows a potential Inverse Head and Shoulders Pattern with head at 2826, neckline at 2943 and target of 2943 + (2943-2826) => 3060, which is at the primary (green) wave count P5=P1 target of 3051

  4. pugsma said

    The NYMO closes above +20, showing bullish impulse potential.

    No need to update the charts tonight.

  5. rat8nine said

    SPX and AAPL: It seems to me that spx blue/ green is very similar to the two possible outcomes for aapl here as well. I’ve been noting how the faang stocks have failed to make new all time highs along with the indexes. It might be interesting to wonder which of them might and which might not in the event spx goes for the green count ED.

    spx blue:

    spx green:


    high in last september:

    or ED?

  6. MS53 said

    In looking at 15 min SPX , Steve, is it possible we completed a bullish running flat at 2904 for wave (2), provided it holds ?

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