August 10th, 2020: SP-500 Chart Update
Posted by pugsma on August 10, 2020
5:10 pm EST: The SP-500 price gapped up from 3351 to 3356, hit 3362, dropped quickly to 3335 then climbed all day to closed at 3360 near the 3363 high.
Looking for a major [1]-P1-C3 top between the minor 5 = 0.88*minor 1 target of 3357 (blue) and the minor 5 = minor 1 target of 3411 (white/green). Once complete the major [2] pull-back should target the rising 200-day SMA in the 3050 area going into the late September/October.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
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