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November 27th, 2019: SP-500 Chart Update

Posted by pugsma on November 27, 2019

1:25 pm EST:    The SP-500 minor C of major [3]-P5-C1 near-term price target remains at 3180, where C=1.62*A.   Within the minor C of major [3] wave, we have a classic impulse bull wave for minute (5) out of the minute (4) triangle.  Wave iii=1.62*i at 3164.  After major [3] completes, there should be a major [4] wave pull-back to hold the 3028 pivot support and then one more push up for major [5]-P5-C1 above 3180 to complete the P5 wave ending diagonal.

House Keeping:  The US Markets are close for the Thanksgiving Day Holiday on Thursday, Nov 28th and are only open in the morning of Friday, Nov 29th.  The next blog update will be on Monday, Dec 2nd.

Have a safe and happy Thanksgiving Day Holiday!

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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