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November 17th, 2019: SP-500 Chart Update

Posted by pugsma on November 17, 2019

9:50 am EST:   On Friday the SP-500 closed at 3120, right at the maximum (3121) of the ending diagonal of the primary (green) wave count P5-C1 top.

For the primary (green) wave count the SP-500 price must start lower on Monday and continue to remain below 3121.

For the alternate (blue) wave count the major [3]-P5-C1 wave is likely headed toward the C=1.62*A target of 3180.   Once the major [3] wave completes, there should be a major [4] wave that back-test the 3028 pivot before the major [5] wave reaches a target area of 3200.

SP-500 15-min chart as of EOD 11-15-19:

SP500 Technical Analysis

SP-500 60-min chart as EOD 11-15-19:

SP500 Technical Analysis

SP-500 4-hr chart as of EOD 11-15-19:

SP500 Technical Analysis

SP-500 daily chart as of EOD 11-15-19:

SP500 Technical Analysis

SP-500 weekly chart as of EOD 11-15-19:

SP500 Technical Analysis

 

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