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May 19th, 2021: SP-500 Chart Update

Posted by pugsma on May 19, 2021

1:05 pm EST: The SP-500 gapped down from 4127 to 4098, then dropped to a low at 4061…

A major degree (maybe a Primary degree) top is in place at 4238.

The primary (white/green) count is that the major [4]-P1-C3 wave is headed for the 23% Fib retrace of the major [3] wave at 3945.

The alternate (blue) count is that the major [4]-P1-C3 wave is headed for the 38% Fib retrace of major [3] wave at 3755.

The alternate (red) count is that the P2-C3 wave is headed for the 38% Fib retrace of P1 at 3460.

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

SP-500 weekly chart:

SP500 Technical Analysis

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