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November 26th, 2021: SP-500 Chart Update

Posted by pugsma on November 26, 2021

10:15 am EST: The SP-500 gapped down from 4703 to 4664, dropped to 4611…

The primary (white/green) wave count is that minor 1 peaked at 4743 and a minor 2 wave down to the 38% Fib area of 4559 is underway as simple 5-3-5, zig-zag. This first five wave drop to 4653 is the minute (a) or minor 2 wave. The minute (b) retraced to 4703, between the 50%/62% Fib at 4699/4707. Finally the minute (c) wave should target the (a)=(c)=4613 to (c)=1.62(a) area at 4557. 

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

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