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October 28th, 2019: SP-500 Chart Update

Posted by pugsma on October 28, 2019

2:45 pm EST:   Higher towards the 3051 to 3121 area target zone just has expected…

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

17 Responses to “October 28th, 2019: SP-500 Chart Update”

  1. pugsma said

    Beyond Meet (BYND)

    IPO $46 (opened above $60)
    Peak $240
    Today $85

    Almost every IPO this year has been a loser or flash in the plan. Sign of a healthy market?

  2. pugsma said

    FED will likely signal on Wednesday accommodating cuts ending.

    Let’s see how this FED induced P5 ending diagonal from 2347 to 3044 holds up then…

  3. pugsma said

    House Keeping: Today’s marginal new high fat 3048 changed nothing, so no need to update the charts tonight.

  4. pugsma said

    • pugsma said

      FB after-hours is at $194 above the $191 neckline target above $205…however cash market tomorrow is what matters.

      • pugsma said

        FB just back-tested it’s $191 neckline in AH trades and it held on the first test.

      • pugsma said

        Boom! Now FB trading near $200 AH after back-test of $191 neckline.

        IHS target $205 😃

      • rat8nine said

        fb daily – it’s quite interesting actually, and the case for that 205 area was made when price stopped at 173 and failed to hit the median line of the purple modified schiff set put in place at the prior high at 208.66, which set up the likelihood that price would go back to the upper line. I’ve noted the failed median line trade here with the green circle – for me, if a trade doesn’t go to at least the median line, it’s a failure, and something else is in play. I put in place a blue modified schiff set that has a median line target up around 205 now, and coincidentally, back at the upper line of the purple set. The lower of the two magenta lines is the .886 retrace of the move down from 208.66 – 173.09, at 204.61. The upper magenta line is at the .886 retrace of the move from 218.62 – 123.02, at 207.72.

  5. pugsma said

    House Keeping: The SP-500 is a snooze fest ( ie. Boring). Nothing new to report.

  6. It’s not boring to me. 2 ATH’s in the last couple of days. Right to your long awaited 3050 area. I closed out a lot of longs and went short. You are the BEST…….

  7. I trade futures, so I got over 3050. Do you think that this is wave 5 of C1 or wave 3?

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