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June 3rd, 2021: SP-500 Chart Update

Posted by pugsma on June 3, 2021

4:50 pm EST: The SP-500 gapped down from 4208 to 4191, quickly dropped to 4168, then rallied back to 4205 and closed at 4193.

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).

Have a great weekend!

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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