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5:15 pm EST: The SP-500 gapped up 4045 to 4051, then climbed to 4078 (day’s high), dripped to 4045 (day’s low) and closed at 4048.
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).
Chart Pattern (2-1-23):Potential Cup and Handle Pattern on the 4-hr chart with a target at 4708.
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
NYMO (2-21-23):The NYMO closed at -81 with the SP500 at 3998. There will be a NYMO +DIV with NYMO closes above -81 and SP500 closes below 3998.
NYMO (2-24-23): Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3971.
NYMO (2-28-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3969.
NYMO (3-1-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3951.
VIX (2-28-23 to 3-1-23):Confirmed lower VIX close (-DIV) wrt SP500 lower closing lows.
200-day SMA (3940): Critical moving average support area.SP500 held and never closed below!
Back-test of Broken 2022 Down Channel (3900): 3928 low was just above this target.
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 is complete at 3928 precisely at the 62% Fib of 3927. The minute (3) of minor 3 wave up is underway and headed above 4195 to the (3)=1.23(1) target at 4458. Wave i-(3) should target the 4191 pivot area. Note:The primary (white/green) count as labeled is valid above 3928.
5:50 pm EST: The SP-500 gapped up 3981 to 3997, then climbed all to close on the high at 4045.
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).
Chart Pattern (2-1-23):Potential Cup and Handle Pattern on the 4-hr chart with a target at 4708.
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
NYMO (2-21-23):The NYMO closed at -81 with the SP500 at 3998. There will be a NYMO +DIV with NYMO closes above -81 and SP500 closes below 3998.
NYMO (2-24-23): Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3971.
NYMO (2-28-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3969.
NYMO (3-1-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3951.
VIX (2-28-23 to 3-1-23):Confirmed lower VIX close (-DIV) wrt SP500 lower closing lows.
200-day SMA (3940): Critical moving average support area.SP500 held and never closed below!
Back-test of Broken 2022 Down Channel (3900): 3928 low was just above this target.
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 is complete at 3928 precisely at the 62% Fib of 3927. The minute (3) of minor 3 wave up is underway and headed above 4195 to the (3)=1.23(1) target at 4458. Wave i-(3) should target the 4191 pivot area. Note:The primary (white/green) count as labeled is valid above 3928.
5:00 pm EST: The SP-500 gapped down 3951 to 3938, dropped to 3928 (day’s low), rose to 3991 (day’s high), then closed at 3981.
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).
Chart Pattern (2-1-23):Potential Cup and Handle Pattern on the 4-hr chart with a target at 4708.
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
NYMO (2-21-23):The NYMO closed at -81 with the SP500 at 3998. There will be a NYMO +DIV with NYMO closes above -81 and SP500 closes below 3998.
NYMO (2-24-23): Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3971.
NYMO (2-28-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3969.
NYMO (3-1-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3951.
VIX (2-28-23 to 3-1-23):Confirmed lower VIX close (-DIV) wrt SP500 lower closing lows.
200-day SMA (3940): Critical moving support area.
Back-test of Broken 2022 Down Channel (3900): Possible target area.
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 is complete at 3928 precisely at the 62% Fib of 3927 or could reach the 78%/88% Fibs area of 3858/3816 (alt blue labels). Note:The primary (white/green) count as labeled is valid above 3928 and alternate (blue) counts as labeled are valid for the minute (2) or minor 3 above the minor 2 low at 3764.
4:45 am EST: The DIA made a new low below 325.65 on March 1st at 325.30. Thus DIA must be in a minor 2 wave of major [1]-P3-C3 that must hold above the P2-C3 low at 286.62.
7:00 pm EST: The SP-500 gapped down 3969 to 3964, dropped to 3939 (day’s low), rose to 3969 (day’s high), then dropped to 3942 and closed at 3951.
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).
Chart Pattern (2-1-23):Potential Cup and Handle Pattern on the 4-hr chart with a target at 4708.
Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
NYMO (2-21-23):The NYMO closed at -81 with the SP500 at 3998. There will be a NYMO +DIV with NYMO closes above -81 and SP500 closes below 3998.
NYMO (2-24-23): Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3971.
NYMO (2-28-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3969.
NYMO (3-1-23):Confirmed higher NYMO close (+DIV) wrt SP500 lower closing low at 3951.
VIX (2-28-23 to 3-1-23):Confirmed lower VIX close (-DIV) wrt SP500 lower closing lows.
200-day SMA (3940): Critical moving support area.
Back-test of Broken 2022 Down Channel (3900): Possible target area.
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 is complete or nearly complete at 3939 near the 62% Fib of 3927 or could reach the 78%/88% Fibs area of 3858/3816 (alt blue labels). Note:The primary (white/green) and alternate (blue) counts as labeled are valid for the minute (2) or minor 3 above the minor 2 low at 3764.
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