SP500: Long Term Forecast: 13.03.2021

This week SP500, other major indices and multiple stocks, that I track for the market sentiment, produced powerful weekly candle patterns that hint about bullish trend reversal.

The Long Term chart above was engineered on September 28, 2020. Today I just refreshed it leaving all original graphics intact. You can compare them and answer the question whether the market movements can be forecast with certain accuracy.

I am viewing that SP500 should continue its rally to 4060-4200 area for 1-2 months. After that, it might take a pause for a few weeks, retracing 100-200 points.
Let’s see how the index develops over the next few months. Then I would be able to make further, hopefully more detailed, projections.

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