June 15th, 2022: SP-500, IWM and QQQ Chart Update
Posted by pugsma on June 15, 2022
12:20 pm EST: The SP-500 gapped up from 3735 to 3764, hit 3794, dropped to 3760….
Technical Indicators: Print SharpCharts from StockCharts.com
- The Trifecta SP-500 Buy Triggered at the Close Today, Monday, June 13th.
- The VIX completed step 2 of the 3 step VIX Sell, SP-500 Buy signal on the close of Tuesday, June 14th.
- If the VIX can close red today, Wednesday, June 15th and the NYMO and SP-500 can close back inside their respective Bolinger Bands (BB), then the Trifecta SP-500 Buy signal is confirmed.
Wave Counts:
- The primary (white/green) wave count is that minute (5) of minor 5 of major [C]-P2-C3 completed at 3706. The very early stages of the P3-C3 wave up is underway. The preliminary minute (1) of minor 1 of major [1] target is at 3959.
- The alternate (blue) count is a slight variant of the primary (white/green) count with this current bounce from 3706 as a minute (4) of minor 5 of major [C]-P2-C3, which has a target area of the 23%/38% Fib retrace at 3811 to 3880. Once minute (4) completes, the final minute (5) of minor 5 of major [C] wave should drop below 3706, towards the [C]=1.38[A] target at 3665.
SP-500 15-min chart:
SP-500 60-min chart:
IWM 60-min chart:
QQQ 60-min chart:
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