SP500, QQQ and IWM Technical Evaluation PUG Inventory Market Evaluation, LLC

5:55 pm EST: The SP500 gapped down from 7139 to 7135, dropped to 7119, rallied to 7145 (day’s excessive), dropped to 7108 (day’s low) after which rallied into the shut at 7138.

Key Technical Indicators (Quick to Intermediate Time period)  Print SharpCharts from StockCharts.com

Key Technical Indicators (Intermediate to Lengthy-Time period):

1. Dec 2nd, 2025: $SPX is up 5 straight days [thru 11/28/25], and its McClellan Oscillator cycled from -55 to +68 in simply 1 week. Right here’s what occurred subsequent to $SPX after comparable historic rallies.”
   Common positive aspects 1 yr later is +17.3% in 12 of 12 circumstances (100%). Sign triggered at SP500 6849 on Nov twenty eighth 2025, so that means 8033 by Nov twenty eighth, 2026. https://x.com/dailychartbook/standing/1995802624076226764?s=46&t=gg5AXDQK37ob5YJ37ot1dw
2. Jan eleventh, 2026: “Market breadth is enhancing. 338 S&P 500 shares are actually above their 200 day shifting common, for first time in 3+ months. After comparable breadth recoveries, $SPX was greater 93% of the time 12M later. Solely outlier occurred throughout COVID, solely case the place drawdowns additionally exceeded 20%.” SP500 has a 100% (15 of 15 circumstances)historic chance of being +14.1% greater that 6910 9 months later. That places the SP500 goal at 7884 by Oct 2026.
   https://x.com/Bluekurtic/standing/2010471785913807349?s=20
3. Jan thirtieth, 2026: “S&P 500 up 1.4% in January. Remainder of yr up 87% of the time when January is greater. However when it up between 0-2%? Decrease solely as soon as. Small clues 2026 must be an above common yr for buyers.” Common acquire is +12% (from 6939 this suggests 7772 by Dec thirty first, 2026). https://x.com/RyanDetrick/standing/2017411919297073529?s=20
4. Feb sixth, 2026: “The Jan-24 to Feb-6 TOY (Flip Of the Yr) Interval on the SP500 ended being up from 6915 to 6932 (+0.25%). When the TOY is up between 0 and +2%, the remainder of the yr is up in 19 of 25 circumstances (76%) for a median acquire of +10.7%” (implies a transfer from 6932 => 7673 by Dec thirty first, 2026). https://x.com/WayneWhaley1136/standing/2017738698352152932?s=20
5. Feb twenty sixth, 2026: “Lively managers have diminished publicity. NAAIM Publicity Index fell under 80 to 74.9, its first break since Could 2025. Then NAAIM dropped under 80 for the primary time in 2+ months, 6–9M S&P 500 returns had been at all times optimistic.” (+14.1% in 9 months implies a transfer from 6908 => 7883 by Nov twenty seventh, 2026). https://x.com/bluekurtic/standing/2027171827819119009?s=46&t=gg5AXDQK37ob5YJ37ot1dw

Wave Rely(s):

1. The first (white/inexperienced) wave rely is that the P5-C3-SCV wave up is underway with the P5=1.23P1 goal at 8086. The key [1]-P5 wave accomplished at 7002 on Jan twenty eighth, 2026. The key [2] wave is full at 6317. The key [3] wave up is underway that may break above the 7002 all-time excessive. The preliminary main [3] goal is at 8007, the place [3]=0.78[1]. The minor 1 of main [3] wave ought to goal the 7343 space. Minute (1) of minor 1 reached 6610 and the minute (2) retraced to 6475, which was simply above the 50% Fib at 6464. The minute (3) of minor 1 reached 7147. The minute (4) wave dropped to 7046. The minute (5) wave up is underway with targets at (5)=(1)=7343 to finish the minor 1 wave. Notice: The first (white/inexperienced) wave rely is legitimate above 7046.
2. The alternate (blue) wave rely is that minor 1 of main [3]-P5 accomplished at 7178. The minor 2 wave is underway with a 23%/38% Fib retrace goal space at 6980 to 6811. Notice: The alternate (blue) wave rely is legitimate under 7178.

SP-500 15-min chart:

SP-500 60-min chart:

SP-500 day by day chart:

QQQ 15-min chart:

QQQ 60-min chart:

QQQ day by day chart:

IWM 15-min chart:

IWM 60-min chart:

IWM day by day chart: