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.

February 25th, 2020: SP-500 Chart Update

Posted by pugsma on February 25, 2020

2:45 pm EST:   The SP-500 gaped up at the open hit 3247 and has dropped over 100 points for a 2nd straight day to hit 3123 so far this afternoon.

Major [4]-P5-C1 wave has been underway since the major [3] 3338 high and is playing out as an expanded flat wave (3-3-5, A-B-C).    The 38% Fibonacci retracement off the major [3] high of 3338 is at 3107.   The 200-day SMA support is at 3045 and the breakout out support area on the SP-500 from the summer consolidation was at 3022.

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

 

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: