March 5th, 2021: SP-500 Chart Update
Posted by pugsma on March 5, 2021
2:00 pm EST: If you look at the SP-500 weekly chart below, then you will see that the years 2020-2021 wave action is following the years 2009-2021 script quite well. The percent gain at the major [3]-P1-C1 peak in April 2010 was +83% and the percent gain at the major [3]-P1-C3 peak of 3950 is +80%. The gain to the P1-C1 top in May 2011 was +106%. I’m expecting a gain of +107% to the P1-C3 top at 4535 in late year 2021 or early 2022.
One thing I will point out here is the drop from 3950 to 3723 for major [4]-P1-C3 was a prefect 23% Fib retrace (3724) of the major [2] to major [3] wave as re-labeled at 2966 to 3950, respectively. Moving major [1] up to 3233 and major [2] to 2966, aligns the years 2009-2010 and years 2020-2021 wave counts (as first seen in my January 10th, 2021 comparison chart below).
Finally on the daily chart you and see connecting the Oct 2028, C1 top and the Feb PB-C2 top produces a yellow line that has held 3 times since Jan 1st, 2021. First at the first day of year low of 3663, then at the end of January low at 3794 and now at 3723.
Have a great weekend !
Years 2009-2020 to 2020-2021 Comparison from January 10th, 2021:
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
SP-500 monthly chart:
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