Candles Speak – SP500 Futures: 11.01.2021

The candles on the larger timeframes hint that there is a possibility that a minor (or even a major) top was hit on Friday, January 8. If the candles and my wave counts are correct, I would be expecting a minus 1.5-2.5% drop tomorrow or in the next two days.
If wave B completes a triangle, the most probable targets for wave C – 3752-3722 (1.0-1.618 of wave A). Depending on how the bottom is reached, it could be either a completed minor correction or a wave (A) of much bigger and longer correction.

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