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March 15th, 2021: SP-500 Chart Update

Posted by pugsma on March 15, 2021

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

14 Responses to “March 15th, 2021: SP-500 Chart Update”

  1. Denali92 said

    As promised, I put together a post about March opex.

    Recent market history (ie. back to Jan 2020) would suggest a top and drop of 3% or greater is likely soon, as 13 of the last 14 opex periods have seen moves of greater than 3% – a lot of which started early in the opex period. (a lot of which then set up great buying opportunities…)

    While the market history since 2009, even back to 1998, particularly of March Quad opex, would indicate that there is likely a top at some point in this opex period, but it will not be that significant or long lasting.

    Here is the link:
    https://pugsma.com/denalis-turning-points-2/denalis-2021-turning-points/

    Quite intriguing as to which prevails,

    -D

  2. pugsma said

    A break below the wave i-(5) top at 3950, means the alt (blue) minor 1 wave up has topped.

  3. pugsma said

    IF the SP500 closes green with a new closing high above 3969, it’s likely to come with an ugly -DIV on the NYSE A-D line cumulative.

  4. pugsma said

    There is no need to update the SP500 charts tonight.

    In fact the SP500 is following the alt(blue) count perfectly with the 3981 wave iii-(5) high today and the wave iv-(5) of minor 1 low at 3953 (38% Fib). Wave v=i at 3988 and (5)=(1) at 4000 to complete minor 1.

    QQQ also hit my minor 1 target at 324.20.

  5. pugsma said

    2020-2021 Still looks like years 2009-2010.

    A key Top in 2010 came in April 2010.

    https://twitter.com/ryandetrick/status/1371840060790804490?s=21

  6. Sagar Patel said

    Steve,

    On 3/15/21, S&P closed at 3968.94 and NYAD closed at 40.16. Closing above 3968.94 would be immediately bearish? Or could we rally another day or two to reach your Alt Blue 5 target and create an even bigger bearish divergence? I remember Denali stating during QUAD week, high tends to be that Friday. An open high on Friday and continued selling to me makes most sense for the start of the small correction

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