S&P500: Down move resumes? 29-Jan-2020

5:34 PM IST Update: Added minor wave counts.

CMP: 3284.x; Res: 3291/3338; Sup: 3233
As long as 3291/3338 resists, we can see 3233 again and further 3226, 3211, 3186, 3162, extensions: 3123-3105...

S&P 500: Bull? Analysis based on 5m chart 22-Jan-2020

CMP: 3333.x; Sup: 3330/3315/3307; Res: 3337
Still I expect to see some up move towards 3338-3344. Extensions can be 3347, 3352.

S&P Long Term Analysis 3800, 4300? 18-Jan-2020

CMP: 3328; Sup: 3275/3261/3181
As long as the above levels support, we will see 3373-3427 first, and further 3525-3579.
Long Term Targets: 3825-3883, 4229-4415...

What happened?
14-Jan-2020

18-Jan-2020

Weekly Chart
As long as S&P trades with this trend line, it is up trend. Strategy: buy on dips as long as trend line support holds.

S&P Analaysis: More upside left as last leg. 14-Jan-2020

CMP: 3289; Res: 3300; Sup: 3268/3261

Primary Scenario:

Can come down to 3286-3280 n reverse back to 3300.
Upside targets: 3302, [3308-3310 ultimate target], 3313, [3325-3331 extension].

Alternative Scenario:

If 3300 resists and we are in wave 4, can see 3271-3265-3260 n reverse back to 3300 first.

In both scenario, I expect to see 3295 again and more up.