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November 11th, 2019: SP-500 Technical Analysis

Posted by pugsma on November 11, 2019

6:40 pm EST:   The primary (green) count for major [5]-P5-C1 is almost out of room with the ED maximum at 3121.  The count could survive one more small push up above 3098, but that’s it.

The alternate (blue) count for major [3]-P5-C1 could press up into the 3150 area before the major [4] pull-back to the 3028 pivot area.   There is a C=1.62*A target for major [3] at 3180.   Ultimately the major [5]-P5-C1 target is at 3200 to 3250.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

13 Responses to “November 11th, 2019: SP-500 Technical Analysis”

  1. is there a potential nymo buy trigger/close outside of bollinger band yesterday??

  2. This does not look bullish? https://stockcharts.com/freecharts/gallery.html?$NYAD

  3. pugsma said

    Bears making a last stand attempt here per the primary green.

  4. pugsma said

    House Keeping: No need for a SP500 chart tonight.

  5. The NYMO closed under the BB for the second day. This should indicate a buy coming up, but it’s at just at -18. Is there any downside spot, that the primary count could go to, that would cancel out the blue count? Thanks and happy VA day.

    • pugsma said

      The NYMO needs to close in an oversold area below -40 for the close below the lower BB are significant as a potential SPX but signal. Right now the falling NYMO with each new SPX is an ugly -DIV.

      And the alt blue count major [4] wave lower will remain valid above the major [2] low at 2882. This there is a long way down 3103 to 2822 before higher highs are rules out.

      Tops are a process not an event.

  6. pugsma said

    No quit in this bull wave.

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