#SPX = Weekly Analysis = 04.12.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

It looks like Monday is going to be a very green day for the major indices. The candles on the daily and smaller frames are suggesting a move upwards.

Let’s evaluate the perspectives of candles and waves.


SPX made a bullish sandwich that has higher chances to resolve upwards.
DJI’s bullish Harami was neither canceled nor confirmed on Friday, maintaining the bullish odds.
NDX is unclear. The daily is still bearish, but 1 and 4 hours are bullish.

VIX had a very bearish closure on Friday and a strong bearish Monday is expected:



SPX precisely hit the target area that I indicated several days ago. It retraced exactly 0.5 of the rally off the September low and this could be a strong turning point.
While the entire correction might not be over, the first wave down looks complete and the index ready for a bounce.

Primary path: green
The correction is over. If SPX closes with a strong green candle on Monday, the bottom could be confirmed.

Alt path: red.
Another wave of selling is possible after a complex bounce in wave B.

So far both paths, green and red are aligned on the next move.

SPX Long Term Forecast is here:


DJIA is also moving as charted. There is a good chance that the bottom was on Dec 2nd, but a few confirmations are required.

Previous update with details:

Anything could happen on Monday, December 6. However, a very bearish stance of $VIX and strong bullish candle formations in SPX and DJIA are suggesting a strong rally. Whether NDX will join the pack is still a question.

Good luck!

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