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    SCI-SCV, SCA-SCC: Super Cycle
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February 22nd, 2022: SP-500 Chart Update

Posted by pugsma on February 22, 2022

5:05 pm EST: The SP-500 gapped down from 4348 to 4332, dipped quickly to 4313, rose to 4362 (day’s high) and then drop steadily to 4267 (day’s low) before rallying to 4335 and closed at 4305.

Technical Indicators: See this SP500 vs NYMO vs VIX Chart Link: Print SharpCharts from StockCharts.com

  1. NYMO: The low close on Jan 27th, 2022 for the SP500 was at 4326 with the NYMO at -89. The SP500 closed today at 4305 with NYMO close near -40. This is big, month-long potential +DIV on NYMO vs the SP500. A green NYMO close tomorrow will confirm it.
  2. VIX: The VIX closed above 30 on Jan 27th with the SP500 close at 4326. Today the VIX closed at 28.81 with the SP500 closing lower at 4305. This is a potential -DIV on the VIX wrt to the SP500, which is potential bullish setup. A red VIX close tomorrow will confirm.
SP500 Technical Analysis

Wave Count Options: The primary (white/green) is 67% probable, and the alternate (red) count is 33% probable. 

  1. The primary (white/green) wave count is that P2-C3 bottomed at 4223. The P3-C3 wave is just in its very early stages with the first minor 1 of major [1]-P3-C3 wave reaching 4595. The minor 2 of major [1] wave played out as zig-zag to a deep 88% Fib retrace at 4268. The minor 2 of major [1]-P3-C3 wave was a P2-C3 low re-test of 4223.  Note: This primary (white/green) wave count is valid above 4223 is confirmed on a break above 4595.
  2. The alternate (red) wave count is that P2-C3 is ongoing as major [A]-[B]-[C] zig-zag correction to the 38% Fib retrace of P1 near 3821. The major [A]-P2 wave completed at 4223. The major [B]-P2 wave was a 62% Fib retrace at 4595. Now major [C]-P2 is now headed low towards a target of major [C]=[A] at 3999. Within major [C], wave minor 1 ended at 4365. The minor 2 wave retraced to near the 50% Fib at 4490. Now minor 3 of major [C] is headed to a target at 4117, where minor 3 = 1.62*minor 1.  Note: This alternate (red) wave count is valid below 4595 and is confirmed on a break below 4223.

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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