$DJIA = Long Term Forecast – 2022-2023 = 06.12.2021 $DIA #investing #trading #DowJones $SPY

DJIA completed several events that allowed to finalize the long term forecast for the index for years 2022 and 2023. As usual, I used the candlesticks, TA and #ElliottWaves for defining the long term channel and major targets along the path.

If you think it is impossible to forecast such long term moves, I’d like to share this example. On May 18, 2020, I projected the exact path for the next 3 months for SPX, indicating the areas and timing for the major reversal points – the tops of waves 3, 4, and 5. The expectation was that the stock would hit $3500-3600 by the end of summer and it did.

After:

As you can see, Elliott Waves can forecast the future.

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SPX Long Term Forecast for 2022:
https://investingangles.com/2021/12/04/spx-long-term-forecast-2022-04-12-2021-spy-investing-spx-trading-es_f-sp500/

Previous Weekly Analysis:
https://investingangles.com/2021/12/04/spx-weekly-analysis-04-12-2021-spy-investing-spx-trading-es_f-dowjones-ndx/

Good luck!

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