Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

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

 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: