PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

January 19th, 2021: SP-500 Chart Update

Posted by pugsma on January 19, 2021

The primary (white/green) wave count is that minute (x) of minor 4 of majr [5]-P1-C3 completed at 3801, where c=a at 3801 and the 62% Fib of 3798. The minute (y) targets to complete minor 4 are (y)=(w) at 3724 to (y)=1.62(w) at 3676. The 23% Fib target for the completion of minor 4 is at 3691. Note: The primary (white/green) wave count remain valid below 3827.

The alternate (blue) wave count is that wave ii-(5) of minor 5 of major [3]-P1 completed at 3750, near the 50% Fib at 3745. Wave iii-(5) up is underway with a target of iii=1.23*i at 3952. Note: The alternate (blue) wave count remains valid at labeled above 3750.

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

Sorry, the comment form is closed at this time.

%d bloggers like this: