Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

September 30th, 2019: SP-500 Chart Update

Posted by pugsma on September 30, 2019

7:00 pm EST:  Both near-term options still alive…

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).  There is a potential head and shoulders top at 3022, neckline at 2953 and target of 2884.   This 2884 target would be wave minor 1 of major [1]-PA-C2.

2) A minor 4 of major [5] wave drop to 2946 and a 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…

House Keeping:  If you are a quarterly subscriber, then you’ll need to make a payment before October 1st to continue with the service for Q4 (Oct-Dec).

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: