#SPX = Daily Analysis = 07.12.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

Candles for major US indices have confirmed a reversal.

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

VIX Weekly Analysis:
https://investingangles.com/2021/12/03/vix-weekly-update-reversal-alert-03-12-2021-stockmarket-vxx-investing-trading/

Let’s evaluate the perspectives of candles and waves for tomorrow and beyond.

CANDLES

Both DJIA and NDX formed Tower Bottoms. SPX confirmed a Piercing Line. $VIX made a very strong bearish confirmation today either.
A mid term rally is almost guaranteed.

ELLIOTT WAVES

SPX

SPX precisely hit the target area that I indicated a week ago. The latest moves allowed me to forecast a mid-term target for the next leg. It was shared earlier today in this post:
https://investingangles.com/2021/12/07/spx-next-target-07-12-2021-spy-investing-spx-trading-es_f-sp500-dowjones-ndx/

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

DJIA


DJIA is also moving precisely as forecasted and I will post a mid-term target for the next wave later today.

DJIA long term forecast for 2022-2023 can be viewed here:
https://investingangles.com/2021/12/06/djia-long-term-forecast-2022-2023-06-12-2021-dia-investing-trading-dowjones-spy/

Summary:
Three major indices are strongly bullish. VIX is bearish. While the indices can take a pause for a day or two after today’s strong action, a continued move upwards is highly probable at this point.

Good luck!

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