March 19th, 2021: SP-500 Chart Update
Posted by pugsma on March 19, 2021
11:45 am EST: The SP-500 opened flat from 3915, dipped to 3887, rallied to 3915…
Primary (white/green) count is that the minor 2 of major [5]-P1-C3 wave completed at 3387, which was the 38% Fib. The minor 3 wave target is at 1.62*minor 1 = 4310. The alternate (blue) count variation of the primary is that the minor 2 wave will drop to the 50%/62% Fib of 3854 to 3822 early next week. Note: Both the primary (white/green) and alternate (blue) wave count minor 2 wave remains valid above the major [4] low at 3723. Below 3723, the P1 top is confirmed at 3984 (alt red count labels on daily/weekly charts) with a 38% Fib retrace of P1 at 3303 for the P2 wave.
Have a great weekend !
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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