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September 23nd, 2019: SP-500 Chart Update

Posted by pugsma on September 23, 2019

5:40 pm EST:  Soon…Two possibilities here:

1) A failed wave minor 5 at 3022 (just 6 points) short of the 3028 All-time High to complete major [5]-P1-C1.

2) A deep minute (2) of minor 5 wave at 2982, with waves minute (3), (4) and (5) of major [5] yet to come toward the P5=P1 target of 3051 (primary green).

Scenario 1, a surprise failed minor 5 wave, would be very appropriate here at the Major [5]-P5-C1 Top! Failed 5th waves are rare and typically lead a sudden market crash…

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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