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May 18th, 2020: SP-500 Chart Update

Posted by pugsma on May 18, 2020

11:20 am EST:   The SP-500 gapped up from 2864 to 2936 and has hit 2950 this far.

The primary (green) count is that minor 5 of major [1] is headed to the higher targets of 3113 (where minor 5 = 0.78*minor 1) to 3212 (where minor 5 = minor 1).   Wave minute (3) should target the (3)=2.62(1) area of 3047.

The alternate (blue) count is that minor 5 of major [1] is headed to the lowest target at 3042, where minor 5 = 0.62*minor 1.   Wave (3) should target the (3)=1.62(1) target at 2961.

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 SP500 Technincal Analysis

SP-500 daily chart:

SP500 Technical Analysis

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