April 29th, 2020: SP-500 Chart Update
Posted by pugsma on April 29, 2020
1:00 pm EST: The SP-500 gapped up from 2863 to 2918 and hit 2950 by mid-day.
The primary (green) count is that minor 5 of major [1]-P1-C3 is completing at its measured move target at 2983 [where 2852 + (2852-2721) = 2983]. Within minor 5, the minute (5) = (1) target is at 2979.
The alternate (blue) count is that major [1]-P1-C3 is headed above the all-time high of 3394. Major [1] is still in the minor 3 wave that is headed for typical minor 3 = 1.62*minor 1 at 3168. The minor 4, 23% Fib is at 3002 and the final minor 5 push target is at minor 5 = minor 1 at 3447 to complete major [1].
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.