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:
SP-500 60-min chart:
SP-500 4-hr chart:
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