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April 15th, 2020: SP-500 Technical Analysis

Posted by pugsma on April 15, 2020

5:30 pm EST:  The SP-500 opened gap down from 2846 to 2796, hit a daily low at 2761, and closed 2783.

The primary (green/white) count looks to have completed major [1]-1-C3-SCV at 2852 (near the 2856 target).  Note: breaking below 2721 will confirm the major [1] completion.  The major [2] wave will typically retrace to the 50%/62%78% Fibonacci area, which is at 2522/2443/2334 (basis 2852).

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

This entry was posted on April 15, 2020 at 5:32 pm and is filed under Premium, SP-500. Tagged: , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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