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December 23rd, 2021: SP-500, IWM and QQQ Chart Update

Posted by pugsma on December 23, 2021

12:15 pm EST: I had and few moments today and wanted to update the short-term charts, as another Christmas Gift. The SP-500 gapped up from 4696 to 4703, and climbed to 4733…

Technical Conditions:

McClellan Oscillator: The NYMO closed at +19 yesterday and intra-day is near +40 today. Closes above +20 on the NYMO would further confirm an impulse bull wave higher (i.e. wave minute (3) of minor 3). NYMO Link: Print SharpCharts from StockCharts.com

Wave Count:

The primary (white/green) count is that minor 2 of major [5]-P1-C3 played out as a 3-3-3 double zig-zag that ended at 4495 and the minor 3 of major [5] wave up is underway towards 5000+. The minute (1) of minor 3 wave completed at 4713. The minute (2) or minor 3 wave completed at 4531 between the 78%/88% Fib at 4542/4519. The minute (3) of minor 3 wave is underway with a (3)=2.62(1) at 5102. Within minute (3), wave i-(3) will likely target the top of the channel on the 60-min chart and the bull flag 1 measured move target of 4813. Note: The primary (white/green) count for minute (3) of minor 3 of major [5] remains valid above the minute (2) of minor 3 low 4531 and is confirmed on a break above 4743.

House Keeping: I’ll be taking some time off during the Holiday Season to be with my family. Below is my schedule:

  • Friday, 12/24Market is Closed.
  • Monday, 12/27: Market is Open, updates.
  • Tuesday, 12/28: Market is Open, updates.
  • Wednesday, 12/29, Market is Open, no updates (I’m traveling).
  • Thursday, 12/30, Market is Open, no updates (I’m traveling).
  • Friday, 12/31, Market is Open, no updates (I’m traveling).

Sign-Up for Year 2022 Service: Sign-up for 2022 Service has been open since November 22nd, 2021. All existing customers received an e-mail on December 22nd explaining the year 2022 Services. If you didn’t receive the e-mail, check your spam folder. The PUG SMA Shop for purchasing services is here: » Shop PUG Stock Market Analysis, LLC | Technical Analysis Blog (pugsma.com) Note: Annual Premium Service is offered at a discount to Quarterly or Monthly Service only during the December time frame each year.

Have a Safe and Happy Holiday Season !

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Anlaysis

IWM 60-min chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

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