December 20th, 2021: SP-500 Chart Update
Posted by pugsma on December 20, 2021
1:50 pm EST: The SP-500 gapped down from 4620 to 4589, dropped quickly to the days low of 4531…
Wave Counts:
The primary (white/green) count is that minor 2 of major [5]-P1-C3 played out as a 3-3-3 double zig-zag that ended at 4495 and the minor 3 of major [5] wave up is underway towards 5000+. The minute (1) of minor 3 wave completed at 4713. The minute (2) or minor 3 wave is still underway and may have completed at 4531 between the 78%/88% Fib at 4542/4519. Note: The primary (white/green) count for minor 3 of major [5] remains valid above the minor 2 low 4495 and is confirmed on a break above 4743.
The alternate (blue) count is a subtle change to the primary (white/green) wave count allowing that minor 2 of major [5]-P5-C3 wave is still on-going and like headed for the minute (c)=(a) target at 4484. Note: The alternate (blue) for minor 2 of major [5] count is valid above the major [4] low at 4279.
SP-500 15-min chart:
SP-500 60-min chart:
SP-500 4-hr chart:
SP-500 daily chart:
SP-500 weekly chart:
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