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November 6th, 2019: SP-500 Chart Update

Posted by pugsma on November 6, 2019

3:55 pm EST:    There has been very little price movement since the 3085 high set on Monday.  The primary (green) count ending diagonal (ED) remains valid for major [5]-P5-C1 below 3121.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

6 Responses to “November 6th, 2019: SP-500 Chart Update”

  1. rat8nine said

    spx daily – price at upper line, and:

    2940.91 – 2346.58 = 1.27 at 3101.38
    3027.98 – 2822.12 = 1.27 at 3083.56

    • rat8nine said

      There is something very interesting that I’m seeing so far this week. on Tuesday spx went to an external retrace vs its September 2018 high, of 1.27 of the move down. iwm retraced to .786, which shows a potential negative divergence, but also .786 is the inverse of 1.27. Today, spx made a higher high, up to around 1.618 external retrace of the Tuesday high. iwm stopped dead at an .886 retrace of its Tuesday high. If these areas get taken out, than it’s not that meaningful, but if the indexes turn here, it’s worth noting.

      retest on the 60 minute:

  2. pugsma said

    $NYMO very weak move up today, barely above zero neutral line.

    Big time 2 week long -DIV on $NYMO vs SP500 price.

  3. pugsma said

    TLT could be putting in a bullish hammer candle on the daily chart.

    This should be another red flag for equities.

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