September 2nd, 2020: SP-500 Chart Update
Posted by pugsma on September 2, 2020
1:10 pm EST: The SP-500 gapped up from 3527 to 3546, hit 3554, pulled back to 3538, and continue to rise to 3559 so far.
The primary (white/green) count is looking for minor 5 of major [1]-P1-C3 to complete at the minor 5 = 1.62*minor 1 target of 3687. Minute (3) should reach the 3570 area before a minute (4) drop holds above the 23% Fib at 3439 and then one more minute (5) push up to 3687.
The alternate (blue) count is looking for minor 5 of major [1]-P1-C3 to complete at minor 5 = 1.38*minor 1 target of 3580.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
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