Posted by pugsma on May 13, 2020
8:15 am EST: The potential minor 4 ascending triangle (bullish continuation) wave count here really looks good. The minor 5 thrust up and out of the triangle above 2946 should happened over the next week, if correct. Target is 3112 on the SP500. Triangle is valid above 2798.
SPY 15-min chart (8-13-20 pre-market):
SP-500 15-min chart (8-12-20 close):
Posted in Premium, SP-500, SPY | Tagged: Elliott Wave Technical Analysis, SP-500 Technical Analysis, SPY Technical Analysis | Comments Off on May 13th, 2020: SP500 and SPY 15-min Charts Pre-Market
Posted by pugsma on May 11, 2020
9:25 am EST: SPY nearly broke the 294.88 high (Apr 29th) in the pre-market early this AM hitting 294.34. Then SPY pull-back to 289.33, nearly a 50% Fib retrace of the move up from 282.70. Both wave count still alive here.
SPY 15-min chart (pre-market 5-11-20):
Posted in SPY | Tagged: Elliott Wave Technical Analysis, SPY Technical Analysis | Comments Off on May 11th, 2020: SPY 15-min Chart Pre-market
Posted by pugsma on May 8, 2020
9:05 am EST: SPY still has a couple possible outcomes here:
SPY 15-min chart:
Posted in SPY | Tagged: Elliott Wave Technical Analysis, SPY Technical Analysis | Comments Off on May 8th, 2020: SPY 15-min Chart Pre-Market
Posted by pugsma on May 7, 2020
8:05 am EST: SPY is showing a potential bullish resolution of a triangle for minor 4 of major [1]. Note that there is a gap up above the upper triangle boundary here in the pre-market. This is a potential bullish break-out of the triangle indication a “trust” much higher.
This triangle minor 4 wave is another version of the SP500 alternate (blue) wave count mentioned in yesterday’s comment section.
The minimum triangle target is at 306.31 (SP500 3060 area).
The measured move target is at 317.74 (SP500 3180 area).
SPY 15-min chart (Pre-Market 5-7-20):
SP-500 15-min chart (close 5-6-20):
Posted in Premium, SPY | Tagged: Elliott Wave Technical Analysis, SPY Technical Analysis | Comments Off on May 7th, 2020: SPY 15-min Chart
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