PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

May 27th, 2020: SP-500 Chart Update

Posted by pugsma on May 27, 2020

5:25 pm:  The SP-500 gapped up from 2992 to 3016, quickly hit 3022, dropped to 2970 and rallied to close at 3035.

The primary (green) count has the minor 5 of major [1] of P1-C3 ending at the minor 5 = 0.62*minor 1 target area of 3042.  There is a minute (5)=(1) target a little higher at 3056.  The major [2] wave should be a minor A-B-C pull-back to at least the 30% retrace (similar to year 2009) at 2787 to the 38% Fib retrace at 2719.  It will take until early July (at the soonest) for major [2] to reach its low.

The alternate (blue) count has minor 1 of major [3]-P1-C3 ending near this same 3042 to 3056 area.  The typical minor 2 Fib retrace targets are the 50%/62% Fibs at 2905 to 2872.   The minor 2 wave should be a quick (week at the most) drop into early June.

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

Sorry, the comment form is closed at this time.

%d bloggers like this: