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May 14th, 2020: SP-500 Chart Update

Posted by pugsma on May 14, 2020

12:50 pm EST:   The SP500 dropped to 2767 at the 38% Fib target of 2762 for minor 4 of major [1]  This is just above the wave 4 of previous degree at 2727 for wave minute (4) of minor 3.  This is very typical wave 4 price action.   The minor 5 of major [1] targets basis minor 4 complete at 2767 are at M5=0.62M=3043, M5=0.78M1=3113 and M5=M=3212.

SP-500 5-min chart:

SP500 Technical Analysis

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

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