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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.

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