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September 1st, 2020: SP-500 Chart Update

Posted by pugsma on September 1, 2020

1:55 pm EST:  The SP-500 opened flat at 3500, dipped to 3495, and then climbed all day to 3521.

The primary (white/green) count is looking for minor 5 of major [1]-P1-C3 to complete between the extensions of minor 5 = 1.23*minor 1 at 3513 and minor 5 = 1.38*minor 1 at 3580.    There is a small wave v-(5) triangle target at 3534 and a minute (5)=(1) target at 3545.  Will need to break below 3468 to confirm the major [1] top.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

SP-500 daily chart:

SP500 Technical Analysis

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