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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:

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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