#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.


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.


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:

SPX Long Term Forecast can be viewed here:

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:

DJIA Long Term Forecast for 2022-2023 can be viewed here:

Previous SPX & DJIA Weekly Analysis:

Good luck!

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