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September 25th, 2019: SP-500 Chart Update

Posted by pugsma on September 25, 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.  (Primary Green)

2) A minor 4 of major [5] wave drop to 2953 yet to come a minor 5 of major [5] wave toward the P5=P1 target of 3051 (Alternate Blue).

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

8 Responses to “September 25th, 2019: SP-500 Chart Update”

  1. rat8nine said

    I like both counts here for different reasons; they are both set up perfectly. The next several sessions should be very interesting.

  2. hmeda said

    $SPX: http://schrts.co/qKVhajuK
    $VIX: http://schrts.co/FQViICbe

  3. pugsma said

    So the SP500 15-min char has a classic looking double top (3022) and head/shoulders top with 2957 neckline.

    Target is 2957 – (3022-2957) = 2892.

  4. pugsma said

    More confirmation of the coming Cycle 2 wave lower (i.e. recession).

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