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1:50 pm EST: Â The SP-500 opened flat from 3916, rose to 3957 (day’s high), then dropped to 3923 (day’s low) and closed at xxxx.
P2-C3 Price and Time Fibonacci Targets: The P1-C3 bull wave rose from 2192 to 4819 and lasted from end of March 2020 to beginning of January 2022 (21 months). Target for P2-C3: 50% Fib of Price and Time is at 3505 and 10.5 months (mid-Oct to mid-Nov 2022). (Primary count P2-C3 low at 3492 on Oct 13th, 2022).
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
200-day SMA at 3940 (3-8-23): The SP-500 closed above a rising 200-day SMA (3940) for the first time since April 2022. This confirms the P2-C3 bottom at 3492!
Trifecta SP500 Buy Trigger (3-10-23):The SP500 closed below its lower BB, NYMO closed below its BB, and VIX closed above its BB.
NYMO (-108) 3-13-23:Two consecutive closes below the lower BB and below -40, often leads to a large move up on day three.
Friday (3-10-23) saw the Trifecta SP500 Buy Signal Triggered:a) Monday 3-13-23) saw the SP500 BB based SP500 Buy Signal confirmed.b) Tuesday 3-14-23 saw the NYMO BB based SP500 Buy Signal confirmedandc) Tuesday 3-14-23 saw the VIX Sell based SP50O Buy Signal confirm step 1 (no step 2 confirmation with green VIX Wed 3-15-23).
Wave Counts:
The primary (white/green) wave count is the completion of minor 1 of major [1]-P3-C3 as a leading diagonal at 4100, where minute (5)>(3)>(1). The minor 2 wave completed at 3764 just below the 50% Fib of 3796. The minor 3 wave up is underway with a minimum target of minor 3 = 1.23*minor 1 at 4512. Within minor 3, the minute (1) of minor 3 wave ended at 4195. The minute (2) wave pull-back reached 3809, which is the 88% Fib area of 3815. Wave minute (3) up is underway head for (3)=1.62(1) at 4507. Wave i of minute (3) is headed for the 4086 pivot area. Note:The primary (white/green) count as labeled is valid above 3809 as labeled.
4:15 pm EST: Â The SP-500 opened flat from 3960, dropped to 3905 (day’s low), then rallied to 3932, dropped to 3905 closed at 3916.
P2-C3 Price and Time Fibonacci Targets: The P1-C3 bull wave rose from 2192 to 4819 and lasted from end of March 2020 to beginning of January 2022 (21 months). Target for P2-C3: 50% Fib of Price and Time is at 3505 and 10.5 months (mid-Oct to mid-Nov 2022). (Primary count P2-C3 low at 3492 on Oct 13th, 2022).
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
200-day SMA at 3940 (3-8-23): The SP-500 closed above a rising 200-day SMA (3940) for the first time since April 2022. This confirms the P2-C3 bottom at 3492!
Trifecta SP500 Buy Trigger (3-10-23):The SP500 closed below its lower BB, NYMO closed below its BB, and VIX closed above its BB.
NYMO (-108) 3-13-23:Two consecutive closes below the lower BB and below -40, often leads to a large move up on day three.
Friday (3-10-23) saw the Trifecta SP500 Buy Signal Triggered:a) Monday 3-13-23) saw the SP500 BB based SP500 Buy Signal confirmed.b) Tuesday 3-14-23 saw the NYMO BB based SP500 Buy Signal confirmedandc) Tuesday 3-14-23 saw the VIX Sell based SP50O Buy Signal confirm step 1 (no step 2 confirmation with green VIX Wed 3-15-23).
Wave Counts:
The primary (white/green) wave count is the completion of minor 1 of major [1]-P3-C3 as a leading diagonal at 4100, where minute (5)>(3)>(1). The minor 2 wave completed at 3764 just below the 50% Fib of 3796. The minor 3 wave up is underway with a minimum target of minor 3 = 1.23*minor 1 at 4512. Within minor 3, the minute (1) of minor 3 wave ended at 4195. The minute (2) wave pull-back reached 3809, which is the 88% Fib area of 3815. Wave minute (3) up is underway head for (3)=1.62(1) at 4507. Wave i of minute (3) is headed for the 4086 pivot area. Note:The primary (white/green) count as labeled is valid above 3809 as labeled.
6:45 pm EST: Â The SP-500 gapped down from 3892 to 3879, dropped quickly to 3864 (day’s low), then rallied all day to and 3964 closed at 3960.
P2-C3 Price and Time Fibonacci Targets: The P1-C3 bull wave rose from 2192 to 4819 and lasted from end of March 2020 to beginning of January 2022 (21 months). Target for P2-C3: 50% Fib of Price and Time is at 3505 and 10.5 months (mid-Oct to mid-Nov 2022). (Primary count P2-C3 low at 3492 on Oct 13th, 2022).
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
200-day SMA at 3940 (3-8-23): The SP-500 closed above a rising 200-day SMA (3940) for the first time since April 2022. This confirms the P2-C3 bottom at 3492!
Trifecta SP500 Buy Trigger (3-10-23):The SP500 closed below its lower BB, NYMO closed below its BB, and VIX closed above its BB.
NYMO (-108) 3-13-23:Two consecutive closes below the lower BB and below -40, often leads to a large move up on day three.
Friday (3-10-23) saw the Trifecta SP500 Buy Signal Triggered:a) Monday 3-13-23) saw the SP500 BB based SP500 Buy Signal confirmed.b) Tuesday 3-14-23 saw the NYMO BB based SP500 Buy Signal confirmedandc) Tuesday 3-14-23 saw the VIX Sell based SP50O Buy Signal confirm step 1 (no step 2 confirmation with green VIX Wed 3-15-23).
Wave Counts:
The primary (white/green) wave count is the completion of minor 1 of major [1]-P3-C3 as a leading diagonal at 4100, where minute (5)>(3)>(1). The minor 2 wave completed at 3764 just below the 50% Fib of 3796. The minor 3 wave up is underway with a minimum target of minor 3 = 1.23*minor 1 at 4512. Within minor 3, the minute (1) of minor 3 wave ended at 4195. The minute (2) wave pull-back reached 3809, which is the 88% Fib area of 3815. Wave minute (3) up is underway head for (3)=1.62(1) at 4507. Wave i of minute (3) is headed for the 4086 pivot area. Note:The primary (white/green) count as labeled is valid above 3809 as labeled.
4:45 pm EST: The SP-500 gapped down from 3920 to 3877, dropped to 3838 (day’s low), then rallied to close at 3892.
P2-C3 Price and Time Fibonacci Targets: The P1-C3 bull wave rose from 2192 to 4819 and lasted from end of March 2020 to beginning of January 2022 (21 months). Target for P2-C3: 50% Fib of Price and Time is at 3505 and 10.5 months (mid-Oct to mid-Nov 2022). (Primary count P2-C3 low at 3492 on Oct 13th, 2022).
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
200-day SMA at 3940 (3-8-23): The SP-500 closed above a rising 200-day SMA (3940) for the first time since April 2022. This confirms the P2-C3 bottom at 3492!
Trifecta SP500 Buy Trigger (3-10-23):The SP500 closed below its lower BB, NYMO closed below its BB, and VIX closed above its BB.
NYMO (-108) 3-13-23:Two consecutive closes below the lower BB and below -40, often leads to a large move up on day three.
Friday (3-10-23) saw the Trifecta SP500 Buy Signal Triggered:a) Monday 3-13-23) saw the SP500 BB based SP500 Buy Signal confirmed.b) Tuesday 3-14-23 saw the NYMO BB based SP500 Buy Signal confirmedandc) Tuesday 3-14-23 saw the VIX Sell based SP50O Buy Signal confirm step 1 (no step 2 confirmation with green VIX Wed 3-15-23).
Wave Counts:
The primary (white/green) wave count is the completion of minor 1 of major [1]-P3-C3 as a leading diagonal at 4100, where minute (5)>(3)>(1). The minor 2 wave completed at 3764 just below the 50% Fib of 3796. The minor 3 wave up is underway with a minimum target of minor 3 = 1.23*minor 1 at 4512. Within minor 3, the minute (1) of minor 3 wave ended at 4195. The minute (2) wave pull-back reached 3809, which is the 88% Fib area of 3815. Wave minute (3) up is underway head for (3)=1.62(1) at 4507. Wave i of minute (3) is headed for the 4086 pivot area. Note:The primary (white/green) count as labeled is valid above 3809 as labeled and if 3809 falls then above 3764.
The alternate (blue) wave count is that minor 2 of major [1]-P3-C3 is still on going and will target the 62% Fib retracement of minor 1 at 3723. Note: The alternate (blue) count is valid below 3943 and above 3492.
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