#SPX #DJIA = Daily Update = 24.11.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

I was right yesterday when signaled a possible beginning of a rally today. The odds have shifted to the bright side and a rally is expected to continue tomorrow. Let’s evaluate the candlespeak and the waves perspectives.

CANDLES

Daily
SPX fully engulfed the hammer and closed above 8 EMA. The trend is healthy and higher prices are expected tomorrow.
Odds: Bullish

NDX is not entirely out of the woods, but it found strong support on 20 EMA and closed above 8 EMA. A move upwards tomorrow has much higher probability than a move down. Remember that the weekly odds are still bullish and would support a bullish closure of the week.
Odds: Bullish

DJIA built three Harami candles in a row, each within the range of the preceding red candle. This action likely cemented the bottom, but DJIA still requires a confirmation. A daily closure above $35930 would be it.
Odds: Neutral-Bullish

I shared the charts with everyone earlier today and think that $SPX is on track for a little higher from there.

Based on recent waves, I have updated the SPX and DJIA short/mid term forecasts with targets and timing.

If you would like to continue reading, please subscribe for Premium Content.

Premium Content

Read more of this content when you subscribe today.

Previous analyses:
https://investingangles.com/2021/11/23/spx-djia-daily-update-23-11-2021-spy-investing-spx-trading-es_f-dowjones-ndx/
https://investingangles.com/2021/11/21/spx-weekly-analysis-21-11-2021-spy-investing-spx-trading-es_f-dowjones-ndx/

Follow the blog in Twitter @InvestingAngles or by email subscription.

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.

http://investingangles.com/subscription/



One thought on “#SPX #DJIA = Daily Update = 24.11.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

Comments are closed.

%d bloggers like this: