August 12th, 2020: SP-500 Technical Analysis
Posted by pugsma on August 12, 2020
4:00 pm EST: The SP-500 gapped up from 3333 to 3357, climbed all day to hit 3388 (high) and close at 3380.
The SP-500 is looking to complete major [1]-P1-C3 in the range of 3411 (blue count) where M5=M1 to 3513 (white/green count) where M5=1.23*M1.
Note that the 3500 area is the upper trend-line on the SP-500 weekly chart.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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