Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

January 22nd, 2020: SP-500 Chart Update

Posted by pugsma on January 22, 2020

3:05 pm EST:  The SP-500 inched higher to 3338 today.  The price has now hit the upper range (3340) of all 3-wave counts.   Some degree of pull-back is likely.

SP-500 4-hr chart:

SP500 Technical Analysis

8 Responses to “January 22nd, 2020: SP-500 Chart Update”

  1. pugsma said

    As forecast minor 4 or major [4] has arrived. 🙂

  2. pugsma said

    Key lows don’t typically occur on a Thursday or Friday. Look for the key low next week…

  3. pugsma said

    I’m really leaning towards this being the alternate blue count minor 4 of major [3]-P5-C1.

    I’m likely going to make this the primary count.

  4. Hi Steve, Do you think that wave B could end here at here at 3324 ???

  5. R Swaim said

    It turned on 3324.
    Next leg down please.
    Seriously, since 4 can also be 14.6%, 23.6% of wave 3, can you please add those potential targets to the next chart mark-up? The upside on this market has been strong.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: