2:20 pm EST: The SP-500 gapped up from 5078 to 5107, quickly hit 5017, dropped to 5092, rallied to 5128 (day’s high) and closed at 5105. Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com NYSE A-D Cumulative: Wed, 3/6, closed at a new high. The SP500 in the ST should break above […]
Archive for the ‘QQQ’ Category
March 6th, 2024: SP-500, QQQ and IWM Chart Update
Posted by pugsma on March 6, 2024
Posted in IWM, Premium, QQQ, SP-500 | Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis, QQQ Technical Analysis, SP-500 Technical Analysis | Leave a Comment »
March 5th, 2024: SP-500, QQQ and IWM Chart Update
Posted by pugsma on March 5, 2024
5:25 pm EST: The SP-500 gapped down from 5130 to 5110, drifted lower most of the day to hit 5057 (day’s low), then rallied to close at 5078. Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com None. Key Technical Indicators (Intermediate to Long-Term): Golden Cross (2-2-23): 50-day SMA (3953) closed above the […]
Posted in IWM, Premium, QQQ, SP-500 | Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis, QQQ Technical Analysis, SP-500 Technical Analysis | Leave a Comment »
March 4th, 2024: SP-500, QQQ and IWM Chart Update
Posted by pugsma on March 4, 2024
7:10 pm EST: New All-Time High 5150! The SP-500 gapped down from 5136 to 5132, quickly hit 5127 (day’s low), rallied to 5150 (day’s high) and fell to close at 5130.
Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com
- None.
Key Technical Indicators (Intermediate to Long-Term):
- Golden Cross (2-2-23): 50-day SMA (3953) closed above the 200-day SMA (3951).
- Zweig Breadth Trust (ZBT) (3-31-23 and again on 11-3-23): The ZBT signal triggered on Friday, 3-31-23 and again on Friday, 11-3-23. This ZBT signal historically has produced an average SP500 of +24% over the next year with 100% probability! ZBT Chart 25 Year Link: !BINYBT | SharpCharts | StockCharts.com
- SP500 Seasonality: The 4-year US Presidential Election Year Cycle shows a peak in late January to early February, then a shallow drop into mid-March and a big rally into year end.
- Historical Stat: When the SP500 is up for the 3 months (Dec, Jan and Feb), since the year 1930 the SP-500 has been positive the next year in 25 of 25 cases (100%) with an average again of 16%. Wayne Whaley on X: “A 25-0 NEXT YEAR (MARCH-FEBRUARY) – WHEN DECEMBER, JANUARY AND FEBRUARY ARE EACH POSITIVE https://t.co/tRtvWJP7lt” / X (twitter.com)
SP-500 Seasonality for 2024:
Wave Count(s):
- The primary (white/green) count is that minor 3 of major [3]-P3-C3 wave up is underway and should continue to grind higher during year 2024 to a target at 5798, where minor 3 = 1.62*minor 1. (Note: that on the daily chart the large Cup & Handle Pattern has a target at 5722 on the break above 4607). Within minor 3, the first minute (1) completed at 5048, where v=1.62i. The minute (2) wave or minor 3 pull-back completed at 4920, just above the 38% Fib at 4909. The minute (3) wave up is underway with a target at 5481, where (3)=1.62(1). Within minute (3), the wave i-(3) target of 5150 was hit today. The wave ii-(3) pull-back to a 50% Fib would take the SP500 to 5035. Note: The primary (white/green) wave count remains valid above 4920.
SP-500 15-min chart:
SP-500 60-min chart:
QQQ 60-min chart:
IWM 60-min chart:
Posted in IWM, Premium, QQQ, SP-500 | Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis, QQQ Technical Analysis, SP-500 Technical Analysis | 2 Comments »
February 29th, 2024: QQQ Chart Update
Posted by pugsma on February 29, 2024
QQQ 60-min chart: QQQ daily chart: QQQ weekly chart:
Posted in Premium, QQQ | Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis | Comments Off on February 29th, 2024: QQQ Chart Update
February 27th, 2024: QQQ Chart Update
Posted by pugsma on February 27, 2024
QQQ 60-min chart: QQQ daily chart:
Posted in Premium, QQQ | Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis | Comments Off on February 27th, 2024: QQQ Chart Update
February 23rd, 2024: QQQ Chart Update
Posted by pugsma on February 23, 2024
QQQ 60-min chart: QQQ daily chart: QQQ weekly chart:
Posted in Premium, QQQ | Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis | Comments Off on February 23rd, 2024: QQQ Chart Update
February 22nd, 2024: SP-500, QQQ and IWM Chart Update
Posted by pugsma on February 22, 2024
3:00 pm EST: The SP-500 gapped up from 4982 to 5038, then climbed steadily all day to hit 5094… Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com VIX: On Tuesday, Feb 20th the VIX closed at 15.42 above the upper BB of 15.38. This triggers step 1 of the VIX Sell/SP500 Buy […]
Posted in IWM, Premium, QQQ, SP-500 | Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis, QQQ Technical Analysis, SP-500 Technical Analysis | Leave a Comment »
February 21st, 2024: QQQ Chart Update
Posted by pugsma on February 21, 2024
QQQ 60-min chart: QQQ daily chart:
Posted in Premium, QQQ | Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis | Comments Off on February 21st, 2024: QQQ Chart Update
February 20th, 2024: SP-500, QQQ and IWM Chart Update
Posted by pugsma on February 20, 2024
5:05 pm EST: The SP-500 gapped down from 5005 to 4990, dropped to 4955 (day’s low), rallied to 4978 and closed at 4975. Key Technical Indicators (Short to Intermediate Term) Print SharpCharts from StockCharts.com VIX: On Tuesday, Feb 20th the VIX closed at 15.42 above the upper BB of 15.38. This triggers step 1 of […]
Posted in IWM, Premium, QQQ, SP-500 | Tagged: Elliott Wave Technical Analysis, IWM Technical Analysis, QQQ Technical Analysis, SP-500 Technical Analysis | Comments Off on February 20th, 2024: SP-500, QQQ and IWM Chart Update
February 16th, 2024: QQQ Chart Update
Posted by pugsma on February 16, 2024
QQQ 60-min chart: QQQ daily chart: QQQ weekly chart:
Posted in Premium, QQQ | Tagged: Elliott Wave Technical Analysis, QQQ Technical Analysis | Leave a Comment »
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