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December 6th, 2019: SP-500 Chart Update

Posted by pugsma on December 6, 2019

10:25 pm EST:   For the primary (green) wave count, the SP-500 price has reached the 88% Fib for the minor B of major [4] wave and the minor C wave down toward the 3028 pivot needs to begin for this count to survive.  Alternatively (blue) a move above the 3154 high means that minor C of major [3]-P5-C1 is still underway and headed for the C=1.62*A target of 3180.

Have a great weekend !

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

2 Responses to “December 6th, 2019: SP-500 Chart Update”

  1. R Swaim said

    As the old saying goes, tops are a process with lots of surprises and fast turns.

  2. rox007 said

    Nearly perfect Dragonfly Doji on SPX weekly candle

    “The appearance of a dragonfly doji after a price advance warns of a potential price decline. A move lower on the next candle provides confirmation.

    A dragonfly doji after a price decline warns the price may rise. If the next candle rises that provides confirmation.

    Candlestick traders typically wait for the confirmation candle before acting on the dragonfly doji.”

    https://www.investopedia.com/terms/d/dragonfly-doji.asp

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