Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

June 5th, 2020: SP500 Chart Update

Posted by pugsma on June 5, 2020

1:00 pm EST:  The SP-500 gapped up from 3112 to 3164 and hit a high of 3212.

The primary (white/green) wave count is that the minor 5 of major [1] wave is likely going to extend toward the minor 5 = 1.62*minor 1 target at 3504.  Since minor 3 ended early at 2955, just above just above the minor 3 = minor 1 target of 2892, the minor 5 wave will often extend.   Within minor 5 the minute (1) wave ended at 2980 and the minute (2) wave at 2934.  This means that the typical minute (3) = 1.62(1) target is at 3279.  A 23% Fib for minute (4) is at 3199 and then a minute (5) =(1) is at 3412 (near the all-time high of 3394).

Have a great weekend !

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

SP-500 weekly chart:

SP500 Technical Analysis

SP-500 monthly chart:

SP500 Technical Analysis

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: