January 4th, 2021: SP-500 60-min Chart Update
Posted by pugsma on January 4, 2021
The primary (white/green) green wave count has minute (3) of minor 3 of major [5]-P1-C3 at today’s price high of 3770. The minute (4) wave has hit 3663 and must hold above the minute (1) high at 3646 for the primary (white/green) wave count to remain valid. Wave minute (5) of minor 3 target remains at 3916, where minor 3 = 2.0*minor 1.
Below 3646, we have the alternate (blue) wave count with minor 1 of major [5]-P1-C3 top at 3770 as a leading diagonal. The minor 2 wave lower is looking for a retrace to at least the 38%/50% Fib targets of 3566/3502.
SP-500 chart (update, 1:30 pm EST, 1-4-21):
23 Responses to “January 4th, 2021: SP-500 60-min Chart Update”
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Michael Croghan said
Looks good!
David palmiter said
Working fine
kazoom1618 said
Ooooh.
Nice chart to start the year! 🙌
Wbart21 said
+1 !
Donald Petersen said
Looks good
William Zelnis said
Good Here!
Alan Cottle said
Good here as well!
MS53 said
Si jefe, todo bien !!
Gerard Murphy said
It works.
dgs said
Works
PHIL VIERNES said
Banner still shows 2020
“January 4th, 2020: Test Post”
Anyone having problems with Logins using Chromebooks???
TIMOTHY CREEDON III said
Updated thoughts?
charles blood said
What a reversal? Comments:
pugsma said
Came within 21 points of the 3791 rectangle target at 3770.
As indicated below Leading Diagonal maximum of 3833, the alternate (blue) count minor 2 correction is in play.
Anjali Tewari said
Happy New Year – how do we know that white count is off the table and blue count is in play – is there a level we should be looking to get long again
Is there a way to determine higher probability outcome based on options here …
Trying to understand how to interpret the charts …ty
pugsma said
The wave the primary (white/green) count it currently labeled the minute (3) of minor 3 high is at 3770. The minute (4) wave must hold above the minute (1) high of 3646. So far the low is 3662.
Below 3362, we have the alternate (blue) minor 2 wave head for at least a 38% Fib at 3566.
pugsma said
Updated SP500 60-min chart showing that 3646 is a key level to hold.
https://pugsma.com/wp-content/uploads/2021/01/PUG-SP500-60-min-1-4-21-A.jpg
pugsma said
Those subscribers who purchased the 2021 Custom Chart Archive just received an e-mail about a update for the AAPL and AMZN Charts.
Link: https://pugsma.com/custom-chart-archive-2021/
MS53 said
Also, could only access these two tests thru my email, and not the site directly. Maybe ur just not making available thru refresh button ?
pugsma said
You will need to be logged into “My Account” on the blog in order to view the paid premium service content with your membership: https://pugsma.com/my-account/
MS53 said
yeah, been doing that since you created it. hope this feedback helps ya.
charles blood said
Error message for test 2
pugsma said
It was a test for something important.
I got the result I wanted and I have deleted the post.