SPX, DJIA, and NDX confirmed their bullish odds on the daily frame. SPX targets – $4750, then $4900.
From the yesterday’s report: “The candles are sufficiently supported by indicators, the odds are bullish, and the most expected path for tomorrow would be upwards.”
I am expecting the rally to continue tomorrow. The target would be to flip the weekly odds bullish as well.
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SPX has completed a standard motive wave off the yesterday’s lows and is possibly working on wave iii of (iii). The green path remains the primary until invalidated.
If SPX moves through $4750-4760 area, it would open the next target $4850-4950 that was discussed in the earlier post:
SPX Long Term Forecast (Bullish) can be viewed here:
If the weekly/monthly candles make bearish formations, a bear path becomes primary:
DJIA maintains the bullish counts as well.
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:
NQ short term Forecast:
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