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    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
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September 12th, 2022: SP-500, IWM and QQQ Chart Update

Posted by pugsma on September 12, 2022

5:10 pm EST: The SP-500 gapped up 4067 to 4083, rose to 4119 (day’s high), dropped to 4088 (day’s low), then closed at 4110.

Technical Analysis: Print SharpCharts from StockCharts.com

  • NYMO (Sept 12th): Closed up near +20. NYMO closes above +20 after below -40 are constructive of new bull initiation impulse wave.

Wave Counts:

  1. The primary (white/green) wave count is that major [1]-P3-C3 topped at 4326 and the major [2] correction down to the 62% Fib at 3899 is complete at 3887. Major [3] wave up is just in its very early stages. The major [3]=4.21[1] target is at 6787 and will take several years to complete. During the next year the minor 1 of major [3] will target a new all-time high above 4819 (see the daily chart). The minute (1) of minor 1 of major [3] wave should target 4230 (see the 15-min and 60-min charts). Minuette i of minute (1) completed at 4010. Minutte ii of minute (1) completed at 3954. The wave iii=1.62i target is a 4153 (hit 4119 today). The 23% Fib or wave iv-(1) is at 4107 and the v=i target is 4230. Note: The primary (white/green) count remains valid above the major [2] low at 3887.

SP-500 15-min chart:

SP500 Technical Analysis

SP-500 60-min chart:

SP500 Technical Analysis

IWM 60-min chart:

IWM Technical Analysis

QQQ 60-min chart:

QQQ Technical Analysis

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