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March 18th, 2021: SP-500 Chart Update

Posted by pugsma on March 18, 2021

5:20 pm EST: The SP-500 gapped down from 3974 to 3953, dropped to 3943, rallied to 3969 and fell into the close hitting 3911 before closing at 3915.

Primary (white/green) count is that the minor 2 of major [5]-P1-C3 wave is underway towards the 38%/50% Fib retrace targets of 3885 to 3854. Note: The primary (white/green) wave count minor 2 wave remains valid above the major [4] low at 3723. Below 3723, the P1 top is confirmed at 3984 (alt blue count labels on daily chart) with a 38% Fib retrace of P1 at 3303 for the P2 wave.

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

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