February 13th, 2025: SP-500, QQQ and IWM Chart Update
Posted by pugsma on February 13, 2025
6:30 pm EST: The SP-500 gapped up from 6051 to 6060, quickly hit 6069, dropped to 6050 (day’s low) to close the gap up, then steadily rose all day to hit 6117 (day’s high) and closed at 6115.
Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com
- NYSE A-D Line Cumulative: The broad market NYSE A-D line Cumulative is yet to confirm the new all-time SP500 high at 6128 by making a new all-time high. However, on close of Feb 13th, 2025 it’s very close! $NYAD | SharpCharts | StockCharts.com
- Triangle Pattern: Triangle from 6100 to 5773 with a target at 6427 on a decisive break above 6100.
Key Technical Indicators (Intermediate to Long-Term):
- Back-to-Back +20% Years (2023 & 2024): Since ’50, 21 times S&P 500 was up 20% (price only, so not total return) and next yr higher 81.0% of time and up 10.6% on avg. After back-to-back 20% yrs? Up 20.0% on avg and higher 4 out of 4. Avg yr up 9.5% and higher 72.0% of time. https://x.com/RyanDetrick/status/187595896308022519
- January Affect (Jan 31st, 2025): Just look how important a positive January is for the SP500 yearly gains. Positive January (Above 5881): SP500 on average gains +16.9% for the year = 6875 alt (blue) P3 top near EOY. Alt(blue) count looking great here on January 31st with the SP500 close of 6040, well above 5881. https://x.com/RyanDetrick/status/1885324596485791857
- The 4-year Presidential Cycle: Seasonality has been spot-on since the mid-term lows in late 2022
The first quarter (Q1-2025) of the first year of a new President is typically a sideways move. Then in Q2, Q3, and Q4 of year 1, the SP500 tends to head higher.
https://x.com/granthawkridge/status/1886341941987598847?s=46&t=gg5AXDQK37ob5YJ37ot1dw
Wave Count(s):
- The primary (white/green) wave count is that minor [4] of major [5]-P3-C3 of SCV is playing out as an ascending triangle. The minor A of major [4] low is in place at 5773 (i.e. the Orthodox major [4] low). The minor B wave reached a marginal new high at 6128. The minor C wave dropped to complete at 5924, the minor D wave rose to complete at 6100 and the minor E wave dropped at 6003 to complete the major [4] triangle. The minor 1 of major [5] wave up is underway towards the 6178 area. The major [5] wave target is the triangle target at 6427. Note: The primary (white/green) wave count is valid above 6003.
SP-500 15-min chart:
SP-500 60-min chart:
QQQ 15-min chart:
QQQ 60-min chart:
IWM 15-min chart:
IWM 60-min chart:
Sorry, the comment form is closed at this time.
You must be logged in to post a comment.