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June 14th, 2021: SP-500, IWM and QQQ Chart Update

Posted by pugsma on June 14, 2021

1:30 pm EST: The SP-500 opened flat from 4247, dropped to 4234 and traded sideways…

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

IWM 15-min chart:

IWM Technical Analysis

IWM 60-min chart:

IWM Technical Analysis

QQQ 15-min chart:

QQQ Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

12 Responses to “June 14th, 2021: SP-500, IWM and QQQ Chart Update”

  1. Klaas-Jan Doornbosch said

    QQQ right at the target for a little or a bigger pullback here ,but AAPL looks like its going for a new run higher above 155.
    How do you see this Steve?

    Thanks

    Klaas

    • pugsma said

      The APPL analysis is covered in the 2021 Custom Chart Archive and my primary (white/green) wave count for AAPL looks spot on.

    • pugsma said

      I’d be looking for QQQ to hit the next higher target above 344.11 which is Minor 3 = 0.78*minor 1 = 351.37

  2. Klaas-Jan Doornbosch said

    Thanks!

  3. MS53 said

    QQQ 15 min chart is an SPX chart, jefe.

  4. pugsma said

    Classic Rick Santelli on CNBC just now. Love his passion! LOL

  5. pugsma said

    A really good chart showing how extremes $SKEW readings can be used to predict (lead) coming market tops.

    The last two market tops saw extreme $SKEW readings lead to $SPX top by roughly 2 months respectively.

    https://twitter.com/cyclesfan/status/1404542708782440457?s=21

    • pugsma said

      2 months out from here is mid-August and that’s precisely the time frame I’ve continuously shown the primary (white/green) count P1-C3 top.

    • pugsma said

      The Definition of the SKEW Index:

      What Is the SKEW Index?
      The SKEW index is a measure of potential risk in financial markets. Much like the VIX index, the SKEW index can be a proxy for investor sentiment and volatility. The Skew Index measures perceived tail-risk in the S&P 500. Tail-risk is a change in the price of the S&P 500 or a stock that would place it on either of the tail ends, or the far edges of the normal distribution curve. These price changes typically have a low probability.

      https://www.investopedia.com/terms/s/skew-index.asp

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