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November 30th, 2021: SP-500 Chart Update

Posted by pugsma on November 30, 2021

4:15 pm EST: The SP-500 gapped down from 4654 to 4640, quickly hit 4619, rallied to 4646, dropped to 4560 and closed at 4568.

The primary (white/green) count is that minor 2 will play out as a 3-3-3 double zig-zag. The first minute (w) zig-zag ended at 4585. The connecting minute (x) wave retraced to 4673 between the 50%/62% Fibs of 4664/4682. Now the minute (y) should drop to a new low below 4585, with targets at (y)=0.78(w)=4550 (white/green) to (y)=(w)=4515 (blue). The 38%/50% Fib retrace area for minor 2 is 4567/4511. Note: The primary (white/green) count remains valid above 4279, the major [4] low.

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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