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April 14th, 2020: SP-500 Chart Update

Posted by pugsma on April 14, 2020

5:15 pm EST:  The SP-500 opened gap up from 2760 to 2804, hit a daily high at 2852, and closed 2846.

The primary (green/white) count is that minor 3 of major [1]-1-C3-SCV completed at 2819.  The minor 4 wave completed at 2721 as a single zig-zag.  The minor 5 wave higher is expected to complete major [1] at the initial target of 2856 or a little higher at 2872.   Once major [1] completes, the major [2] wave will typically retrace to the 50%/62%78% Fibonacci area, which is at 2524/2444/2338 (basis 2856).

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

SP-500 monthly Chart:

SP500 Technical Analysis

 

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