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    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
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    1-5, A-C : Minor
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April 13th, 2022: SP-500 Chart Update

Posted by pugsma on April 13, 2022

2:25 pm EST: The SP-500 opened flat up from 4399, dropped to 4392 (day’s low), rose to 4442 (day’s high)…

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

Wave Counts: The primary (white/green) count is 70% probable, the alternate (blue) count is 15% probable, and the alternate (red) count is 15% probable.

  1. The primary (white/green) count is that P2-C3 bottomed at 4115. The major [1] of P3-C3 wave up is underway, but in the very early stages. The minor 1 of major [1] wave reached 4637. The drop to 4381 was the minor 2 wave, that retraced to just above the 50% Fib area of 4376. The minor 3 wave up is just getting underway. The minor 3 = 1.62*minor 1 target is 5229.  Note: This primary (white/green) wave count is valid above 4381.
  2. The alternate (blue) count variant to the primary count is the minor 2 wave down will correct deeper to the to the 62% Fib area 4313. Note: The alternate (blue) count is valid above the P2-C3 low at 4115.
  3. The alternate (red) count is that the P2-C3 wave down is still ongoing. Major [A]-P2 ended at 4115 and the major [B]-P2-C3 topped at 4637. Now the major [C]-P2 wave down is headed toward the 38% Fibonacci retrace of P1-C3 at 3821. Within major [C], the first minor 1 wave completed at 4381 and now the minor 2 wave bounce is underway to the 50% Fib of 4509. Once minor 2 completes, the minor 3 1.62*minor 1 target it at 4094. There is a major [C]=[A] target at 3933. Note: The alternate (red) count is valid below 4630 and is confirmed on a break below 4115.

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

9 Responses to “April 13th, 2022: SP-500 Chart Update”

  1. pugsma said

    Breaking above 4471 and then above 4521 will remove the low probability (15%) alt (blue) minor 2 lower low than 4381.

    • pugsma said

      Breaking 4521 removes the alt(blue) and above 4637 removes alt(red) counts.

      Both alt counts are low probabilities at less than 15% each.

  2. pugsma said

    I’m looking for a “gap up at go”tomorrow to clear the key moving average cluster between 4458 and 4494.

    • pugsma said

      If we get this price action tomorrow, then the SP500 won’t look back on the move up 5229 for minor 3 of major [1]-P3-C3 by October 2022.

    • mike Soteropoulos said

      We will be looking for that “Giddy Up!” Call for you as it happens! Thank you for the guidance.

  3. pugsma said

    NYSE 84% upside volume day today.

    Back-to-back 80% upside volume days is an old school technical indicator of a bullish initiation trend change ( ie. Primary count Minor 3 wave up).

    https://twitter.com/walterdeemer/status/1514338520638398467?s=21&t=TKQ8FDykUB8-S-p7ePOkeA

  4. pugsma said

    AAII Weekly Investor Sentiment at 16% Bulls (lowest reading since 1992) and 48% Bears.

    https://twitter.com/bespokeinvest/status/1514585299300622340?s=21&t=wXNh6-nlDaNBNAHWQK7K3A

  5. pugsma said

    I just updated REGN in the 2022 CCA Service: https://pugsma.com/custom-chart-archive-2022/

    REGN has followed the E-wave road map laid out back in November 2021.

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