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    SCI-SCV, SCA-SCC: Super Cycle
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January 4th, 2022: SP-500 Chart Update

Posted by pugsma on January 4, 2022

3:35 pm EST: The SP-500 gapped up from 4796 to 4805, quickly hit 4819 (a new all-time high), dropped to 4774 and rallied to 4800…

Technical Conditions:

McClellan Oscillator: The NYMO closed above +20 for the final 7 trading days of year 2021! Closes above +20 on the NYMO 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 near 4839; has reached 4819. Assuming wave i-(3) ended 4819, the wave ii-(3) pull-back should target the 23%/38%/50% Fib at 4753/4710/4675. 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.

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

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