SPX continues to move higher. Tentative targets: $4650-4800.
SPX made a third gap in 5 days. In order for the trend to stay healthy, a pullback to close at least one gap is required. It is possible that tomorrow SPX starts below Tuesday’s close and makes a green candle.
NDX formed a possible bearish Harami. Some pullback is expected tomorrow. However, as long as the candle does not close below Tuesday’s low, the trend would remain bullish.
DJIA has the healthiest bullish candle formation. However, as the daily closed just a tad above BB and the smaller frames are overbought, there is a chance of consolidation for a few days.
Overall, from the candles and indicators perspective, after a small consolidation or a minor pullback, the higher prices are expected. The indices are likely in the middle of wave 3 (or C) of some larger degree.
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