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March 2nd, 2021: SP-500 Chart Update

Posted by pugsma on March 2, 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

9 Responses to “March 2nd, 2021: SP-500 Chart Update”

  1. pugsma said

    Interestingly, the German DAX intra-day broke out to a new all-time high. We will see how it closes.

  2. pugsma said

    Added a more detailed TSLA 60-min chart update to the 2021 CCA.

  3. pugsma said

    The SP-500 major [4] triangle wave count (alt blue) continues to make the most sense here.

    • pugsma said

      For Major wave degree Triangle its best to ST trade the range and then IT invest in the breakout or break down.

      • MS53 said

        Yup, love the action here. 15 min has been the place to be. Red SPX, Green NYMO at the close today would be nice positive divergence with Monday’s close.

  4. Rodney said

    Am I correct in my understanding that wave ‘E’ of a triangle often falls short of the trend line? In the current case for the Blue count, this would mean somewhere above the lower yellow trendline shown on the 15-minute chart.

  5. pugsma said

    I’ll be looking for SP500 an close below 3811 with NYMO above -56 to set a reliable bottom. 3790 could be broken below for minor 2 (white/green) or minor C (blue). 3694 is still the key level.

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