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February 16th, 2021: SP-500 Chart Update

Posted by pugsma on February 16, 2021

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

8 Responses to “February 16th, 2021: SP-500 Chart Update”

  1. pugsma said

    Alternate (blue) minimum minor 2 targets are at the 23%/38% Fibs of 3891/3853.

  2. pugsma said

    If this bounce gets above yesterdays low at a 3924, the move to 3900 is likely over and a move above 3950 is next.

  3. Rodney said

    I realize only the close counts. But at this point of the day, NYMO is below the zero line for the first time since the first days of February. If it closes below zero, does this give us any sort of clue to probabilities of the primary versus alternate (blue) counts?

  4. pugsma said

    Big changes being made with respect to the wave counts for todays update.

    • pugsma said

      Today’s low at 3900 ended minor 2 of major [5]-P1-C3 of the new primary (white/green) wave count.

      The alternate (blue) count will be that minor 2 will need to head a little deeper to at least the 38% Fib at 3853.

      New Alternate (red) count (highly unlikely) that 3950 was the P1-C3 top.

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