PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

December 2nd, 2021: SP-500, IWM and QQQ Chart Update

Posted by pugsma on December 2, 2021

5:00 pm EST: The SP-500 opened flat from 4511, had a small dip to 4505, rallied to 4595 and closed at 4577.

Technical Conditions:

  1. VIX closed back inside it’s upper BB, setting up step 2 of the VIX Sell, SP500 Buy signal. A red VIX close tomorrow is needed to confirm.
  2. The NYMO closed up from -87 to near -47. That’s a big move up and future closes back above the zero line will confirm the minor 2 bottom is in place.
  3. The $CPC (Put/Call Ratio) closed at 0.99 on Dec 1st and was at 1.08 intra-day today. $CPC closes above 0.90, particularly above 1.0, is typical of an important bottom (i.e. minor 2).

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

SP-500 4-hr chart:

SP500 Technical Analysis

IWM 60-min chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

Sorry, the comment form is closed at this time.

 
%d bloggers like this: