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    SCI-SCV, SCA-SCC: Super Cycle
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April 1st, 2022: SP-500 Chart Update

Posted by pugsma on April 1, 2022

3:25 pm EST: The SP-500 gapped from 4530 to 4540, quickly hit 4549 (day’s high), dropped to 4508 (day’s low) and then traded sideways…

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

  1. Chart Pattern: Notice there is potential bullish IHS pattern on the SP-500 targeting 4865, a new all-time new high. There is also a potential bullish IHS pattern on the QQQ and potential bullish double bottom pattern on the IWM.  Closing above the recent highs, would trigger these patterns.
  2. 13-day EMA vs 34-EMA vs 50-day: Aligned bullish with the 13-day EMA (4500) above the 34-day EMA (4448) and above the 50-day SMA (4412).

Wave Counts: The primary (white/green) count is > 85% probable and the old alternate (red) count with the P1-C3 top at 4819 is now < 15% probable and has been removed for the charts (Note: A move below 4417 is required to bring this bearish alt (red) wave count back to the charts with a > 30% probability).

  1. The primary (white/green) wave count is that P2-C3 bottomed at 4115. The major [1] of P3-C3 wave is underway with minor 1 of major [1] reaching 4417. The minor 2 pull-back ended near the 88% Fib (4151) at 4158. The minor 3 wave ended at 4637, where minor 3 = 1.62*minor 1 =4646.  The minor 4 wave has reached 4508, which is in the 23%/38% Fib target area of 4527 to 4455. The minor 5=1.23*minor 1 target is at 4879 (new all-time high) to complete major [1]-P3.  Note: This primary (white/green) wave count is valid as long as minor 4 remains above the minor 1 high at 4417.

Have a great weekend !

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

SP-500 weekly chart:

SP500 Technical Analysis

SP-500 monthly chart:

SP500 Technical Analysis

5 Responses to “April 1st, 2022: SP-500 Chart Update”

  1. Steffan Christensen said

    Nice close above the 20 week ma at 4527. If this week was the back test it should open for new highs according to springheel jack

  2. pugsma said

    If we don’t see an immediate (within next two days) burst above 4637 for the minor 5 wave of the primary (white/green) count, then a triangle may form here for minor 4 lasting a week.

  3. pugsma said

    I just updated the GOOGL and AMZM charts in the 2022 Custom Chart Archive Service.

    CCA 2022 Link: https://pugsma.com/custom-chart-archive-2022/

    The balance of 9 months (April-December) of the 2022 CCA Service and be purchased for a pro-rated price of $270: https://pugsma.com/product/custom-chart-archive-2022-annual-subscription-12-months-jan-dec/

  4. pugsma said

    For the fans for Arcade Fire (like me), they just dropped to two new songs Lightning I, II off the new Album, WE!

    It’s a post pandemic reflection and look forward…


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