PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

August 17th, 2021: SP-500 Chart Update

Posted by pugsma on August 17, 2021

3:55 pm EST: The SP-500 gapped down from 4480 to 4462, dropped to 4417 (day’s low), then rally to close near 4448.

Breaking below 4373, would set the the primary (white/green) wave count major [3]-P1-C3 top at 4480 and usher in a major [4] wave drop to the 23% Fib at 4132 (a -7.8% correction).

However, as long as SP-500 price holds above 4373, the alternate (blue) wave count is valid and could like to much higher prices without a significant pull-back as major [5]-P1-C3 continues to rally toward a major [5]=[1] target at 5098.

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

Sorry, the comment form is closed at this time.

%d bloggers like this: