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June 3rd, 2021: SP-500 15-min and 60-min Chart Update

Posted by pugsma on June 3, 2021

11:00 am EST: The SP-500 gapped down from 4208 to 4191, quickly dropped to 4168 and has rallied back to 4198…

As long as the SP-500 price holds above the recent 4061, then there are two bullish count wave options (primary (white/green) and alternate (blue)) shown on the charts below for a continued rally into the summer months that reaches at least the 4400 area to complete P1-C3. A break below 4061 would mean that major [4] wave has some more work to do lower in the 3950 area (that would be the alternate (red) count not shown on the charts below).

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

One Response to “June 3rd, 2021: SP-500 15-min and 60-min Chart Update”

  1. pugsma said

    Here are my thoughts on what this drop to 4168 (thus far) on the SP-500 means.

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