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June 11th, 2020: SP-500 Chart Update

Posted by pugsma on June 11, 2020

9:40 am EST:   The larger than expected pull-back from 3233 indicates that the alternate (blue) count minor 4 wave is likely underway.  Looking for minor 4 of major [1] wave to end between the typical Fibs of 23%/38% at 3125 to 3056.   Another typical target is the wave 4 of previous degree, which is wave (4)-minor 3 at 3090.

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

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