#SPX #DowJones = Daily Analysis = 13.12.2021 $SPY #SP500 $DIA #ES_F $NDX #fintwit

The three indices today had a very interesting closure. While the daily candles very bearish, in the context of previous candles and indicators, the signals were not strong enough to declare a reversal, at least for now. Let’s evaluate the perspectives of candles and waves for the nearest future.

CANDLES

SPX and NDX made bearish Engulfing. The trends though remain bullish and a strong red confirmation is required to confirm that bears are in charge.
DJIA made a bearish Harami that is also considered weak. The the odds are marginally bearish, a strong confirmation is required to reverse the trend.

ELLIOTT WAVES

SPX
SP500 continues to move exactly as forecasted. The green path is primary.
From the weekly analysis on the weekend: “There is a possibility of one more leg down in wave ii early next week, however, no deeper than $4625-35 before resuming the rally. In case of a deeper pullback, the red count might become the primary.”
The expectations did not change today.

There is a active call for SPX Mid Term Target that 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. The short-term projection can be viewed on the chart below. Wave 2 is expected to be shallow.


Recently I shared the mid-term and long-term 2022-2023 forecasts for DJIA. They can be viewed by the links below.

DJIA Mid Term Forecast & Target:
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/

Previous SPX & DJIA Weekly Analysis:
https://investingangles.com/2021/12/11/spx-dowjones-weekly-analysis-11-12-2021-spy-investing-sp500-dia-trading-es_f-ndx/


Good luck!

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