This forecast for SPX was made on Sep 28, 2020. So far, all major turns were respected. Next stop – $4400-4500.
In June, the major indices overcame the bearish candles of May and likely are ready for the next leg up.
SPX and Smallcap canceled the bearish potential of the May’s doji candles.
NDX canceled the Hanging Man of May.
DJI is the only ugly duckling with a bearish doji. However, it’s not supported on the weekly/daily frames so far.
Let’s see how the month unfolds.
The SPX chart as projected on September 28, 2020:
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