SP500: CANDLES SPEAK: 25.02.2021

On February 23 I completed this chart where compared the movement of SP500 futures in 2020 (left) with the current wave and found too many similarities.
Based on the chart, I am viewing the wave that started in November 2020 as a diagonal. If my hypothesis is right, I would be expecting SP500 to retrace to min 3500, or, perhaps, to 3225 or even lower. March could start with a large gap down and be the bears paradise.
I will try to cover this in the monthly analysis on the weekend.

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