February 24th, 2022: SP-500 Chart Update (Based on EOD 2-23-22)
Posted by pugsma on February 24, 2022
8:30 pm EST: This a big picture look at where the SP-500 sits are the end of the day February 23rd, 2022 after the break of the 4223 January 24th low. Clearly the Primary 2 (P2) of Cycle 3 (Cycle) of Super Cycle V (SC-V) wave is still on going. Assuming the P2-C3 wave plays out similar to P2-C1 in year 2011, which reached a 42% retrace of P1 and was a -22% Loss, the P2-C3 target should be near the 38% Fib of P1-C3 at 3821 and a -21% Loss. There is Head and Shoulders target at 3739 as shown on the 4-hr chart.
SP-500 60-min chart (EOD 2-23-22):
SP-500 4-hr chart (EOD 2-23-22):
SP-500 daily chart (EOD 2-23-22):
SP-500 weekly chart (EOD 2-23-22):
SP-500 monthly chart (EOD 2-23-22):
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