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April 27th, 2020: SP-500 Chart Update

Posted by pugsma on April 27, 2020

2:40 pm EST:   The SP-500 gapped up from 2836 to 2855, and rose to 2878 by mid-day.

The primary (green) count is that minor 4 of major [1]-P1-C3 completed as an expanded flat at 2727.  The minor 5 wave of major [1] is underway that should end above 2879 to complete major [1].   Wave minute (1) of minor 5 completed at 2845 and minute (2) retraced nearly 50% to 2792.  Wave minute (3) should target 2983, where (3)=1.62(1).  There is a measured move target at a 3031, where 2879 + (2879-2721).  This primary (green) count is valid above the 2727 minor 4 low.

SP-500 5-min chart:

SP500 Technical Analysis

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

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