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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:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

SP-500 weekly chart:

SP500 Technical Analysis


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