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April 27th, 2021: SP-500, IWM and QQQ Chart Update

Posted by pugsma on April 27, 2021

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

IWM 60-min chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

26 Responses to “April 27th, 2021: SP-500, IWM and QQQ Chart Update”

  1. pugsma said

    Very interesting chart showing the average return on the day prior, day of and day after the FOMC announcement.

    Shows flat the day before, a ramp into the announcement, and flat the day after….

    https://twitter.com/dailyedgegroup/status/1387383682059563008?s=21

  2. pugsma said

    QCOM Initial Daily and Weekly Charts added to CCA 2021. QCOM Earning tonight after the close.

    • sk001 said

      very strange phenomenon last few days .. big stocks are selling off despite good results!

    • pugsma said

      QCOM earnings after the close were $1.90. QCOM P/E before the earnings was 23.

      Thus the fundamental analysis based QCOM price target rises to $1.90 x 4 x 23 = $175

      The PUG SMA technical analysis based primary (green) wave count for QCOM before earnings $177

      Giddy Up QCOM !!!

  3. pugsma said

    AAPL and FB charts updated today in the 2021 CCA just ahead of earnings for both tonight.

    • pugsma said

      Just updated AMZN charts too. AMZN reports Thursday after the close.

    • pugsma said

      FB earnings after the close were $3.30. FB P/E before the earnings was 30.

      Thus the fundamental analysis based FB price target rises to $3.30 x 4 x 30 = $396

      The PUG SMA technical analysis based primary (green) wave count for FB before earnings $365.

      Giddy Up FB !!!

    • pugsma said

      AAPL earnings after the close were $1.40. AAPL P/E before the earnings was 36.

      Thus the fundamental analysis based AAPL price target rises to $1.40 x 4 x 36 = $201

      The PUG SMA technical analysis based primary (green) wave count for AAPL before earnings $163

      Giddy Up AAPL !!!

  4. pugsma said

    Look at this 4-year Presidential Cycle, Post-Election Year Seasonality.

    The end of April is small dip, but May to June is “Face Ripper Rally” higher, See the PUG SMA Primary (Green) Wave Count.

    https://pugsma.com/wp-content/uploads/2021/04/DJIA-Post-Election-Seasonality-4-28-21.jpg

  5. pugsma said

    IF the SP-500 can close above the top of the 4118 to 4191 rectangle, then it would trigger the rectangle target of 4191 + (4191-4118) = 4264.

    My minor 3 = 1.62*minor 1 target is at 4277.

  6. pugsma said

    The SP500 closed flat at the all-time high for two consecutive days, no need to update the charts tonight.

  7. pugsma said

    Just like the primary (green) wave count says, it’s not been a good idea to “sell in May”.

    https://twitter.com/ryandetrick/status/1387541643218366464?s=21

  8. pugsma said

    Traders looking for a -10 to -15% correction…No Soup For You!

  9. pugsma said

    Not a single subscriber pointed out the fact that all three counts pointed to a target on the SP500 at 4242 to 4246. SP500 is going to open up +27 near 4210.

    When all counts converge on a single target it’s a new 100% certainty.

    Today is going to be a good day for my accounts. Along with day trade loading SPY, DIA, QQQ and IWM, I used call options on AAPL, FB and QCOM per my bullish charts published in the 2021 CCA BEFORE the earnings reports. $ 🙂

  10. pugsma said

    It’s very possible that the consolidation between 4197 and 4176 was an ascending triangle for iv-(5) of minor 3 of major [5]-P1-C3.

    Thus, the burst up to 4219 completed wave v-(5) of minor 3.

    A break of below 4176, would confirm this and call the minor 3 top at 4219.

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