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June 12th, 2020: SP-500 Chart Update

Posted by pugsma on June 12, 2020

4:50 pm EST:   Just a quick chart update.  60-min chart shows that the lower channel support held at the 2984 low today.  Possible minor 2 low in place at 2984 (the 50% Fib) and the move up to the minor 3 = 1.62*minor 1 target of 3739 is underway.  Alternately (blue), the minute (b) of minor 2 wave bounce should continue to the 50% Fib at 3116, then a minute (c) of minor 2 low at the 62%/78% Fib of 2944/2870.

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

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