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December 5th, 2019: SP-500 Chart Update

Posted by pugsma on December 5, 2019

3:35 pm EST:  The minor B of major [4] wave has targets at the 62%/78% Fib retracement of 3122/3136.   Once minor B completes, I’m expecting a minor C wave down to the C=A target of 3038/3052 (3028 Pivot Area) to complete the major [4] wave over the next week.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis


3 Responses to “December 5th, 2019: SP-500 Chart Update”

  1. R Swaim said

    In addition to a payment for your Model S, this week alone has paid my renewal.
    Thanks Steve!

  2. if it gets as high as 3136, it might as well make its way to the 3180 target based on this ascending triangle?

    • pugsma said

      The drop below 3091 to 3070 invalidated the ascending triangle and its target was only 3140.

      A break above 3154, means the drop to 3070 was the minute wave (4) and now this is a wave (5) of Minor C of major [3]-P5-C1 headed for the original 3180 target, where minor C=1.62A.

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