#SPX = Daily Analysis = 09.12.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

From yesterday’s forecast: “… expect SP500 to pullback no deeper than $4625-35 before resuming the rally. Possible timing – 1-2 days of sideways – slightly downwards movements.” So far, SP500 is moving as prescribed. Let’s evaluate the perspectives of candles and waves for tomorrow and beyond.

Yesterday’s forecast:
https://investingangles.com/2021/12/08/spx-daily-analysis-08-12-2021-spy-investing-spx-trading-es_f-dowjones-ndx/

CANDLES

As anticipated, SPX and NDX made the moves downwards. The patterns are bearish, but not strong enough to grant a major reversal. Nevertheless, a confirmation or cancellation is due, possibly tomorrow.
The formation for DJIA is bullish and a continued move upwards has a higher probability.

ELLIOTT WAVES

SPX (the same as yesterday)
SP500 continues to move exactly as forecasted. The green path is primary. After completing wave “i” off the lows, I expect SP500 to pullback no deeper than $4625-35 before resuming the rally. Possible timing – 1-2 days of sideways – slightly downwards movements.
In case of a deeper pullback, the red count might become the primary.

SPX Mid Term Target was shared earlier:
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 it seems to have no obstacle for completing wave 1 off the lows in the next day or two. Wave 2 is expected to be shallow.


DJIA Mid Term Forecast:
https://investingangles.com/2021/12/07/djia-geometry-of-targets-07-12-2021-dia-investing-trading-dowjones-spy/

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/

Yesterday’s Analysis:
https://investingangles.com/2021/12/08/spx-daily-analysis-08-12-2021-spy-investing-spx-trading-es_f-dowjones-ndx/

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/



Good luck!

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