November 18th, 2019: SP-500 Chart Update
Posted by pugsma on November 18, 2019
2:15 pm EST: The SP-500 price broke above 3121 invalidation the primary (green) count and meaning the alternate (blue) count is now the primary. Both wave counts are a P5 of C1 Ending Diagonal (ED) that is topping out. The new version of the ED in the major [3] wave, not major [5]. Therefore more price movement higher and elapsed time is expected before the ED completes. Major [3]-P5 has targets between 3140, 3163, and 3180. The recent 15-min chart triangle has target of 3140. The major [3]=0.5[1] target is at 3163 and the minor C=1.62A target is 3180. Once major [3] complete, there should be a major [4] wave down to test the 3028 pivot area before the major [5] move up to 3200 to 3250.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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