US Indices = Weekly Analysis = 26.12.2021 #SPX #DowJones $SPY #SP500 $DIA #ES_F $NDX #fintwit $QQQ #ElliottWave

This NDX chart was shared on December 21st forecasting a 2-3% rally before Christmas and NDX did exactly that. Now it is time to forecast the next moves for NDX, SPX and DJIA.

This weekly overview contains:
– daily and weekly candle charts – analysis of candles and technical events;
– musings about possible monthly candles:
– short term #ElliottWave charts and forecasts for SPX, NDX and DJIA.

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CANDLES
Weekly
All weekly candles closed above respective 8 EMA lines. The trend remains bullish, however, the candle formations are not fully bullish yet. There is a fair chance the horizontal move continues for a few more weeks.
Odds: Neutral-Bullish

Daily
All three indices formed an Advance Block that signals an overextended rally and is viewed as a reversal formation. A minor pullback usually follows the Advance Block, however, in some instances, it can trigger a major decline.
The trend looks healthy, supported by the majority of indicators.
The most typical path would be a brisk (1-2 days) pullback, followed by a continued rally into the end of the week.
Odds: Neutral-Bearish

Next week the monthly, quarterly and yearly candles will be printed. While the yearly and quarterly look solid bullish and it’s difficult to anticipate any surprise there, the monthly look vulnerable. A sizeable decline next week could have a negative impact for the following few months.

ELLIOTT WAVES

SPX
SPX is possibly working on wave (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:
https://investingangles.com/2021/12/21/spx-next-target-21-12-2021-spy-investing-spx-trading-es_f-sp500-dowjones-ndx/

DJIA
DJIA maintains the bullish counts as well, but could have an extended wave 2.

NDX
The index has completed a standard motive wave off the recent lows. Expect a pullback into the blue rectangle area for wave 2.



Good luck!

Other Analyses:
Ethereum Long Term Forecast:
https://investingangles.com/2021/12/23/eth-long-term-forecast-educational-23-12-2021-eth-ethereum-fintwit-crypto/

NatGas Long Term Forecast:
https://investingangles.com/2021/12/24/natgas-long-term-forecast-24-12-2021-natgas-commodities-energy-fintwit/

GDX Long Term Forecast:
https://investingangles.com/2021/12/24/gdx-weekly-analysis-24-12-2021-gold-gld-gdx-preciousmetals-investing-trading-gold-miners/

Bitcoin Analysis and Forecast:
https://investingangles.com/2021/12/25/btc-daily-analysis-long-term-forecast-25-12-2021-btc-bitcoin-crypto-cryptocurrency-fintwit/

VIX Weekly:
https://investingangles.com/2021/12/24/vix-weekly-analysis-24-12-2021-stockmarket-vxx-investing-trading/

TSLA Long Term Forecast:
https://investingangles.com/2021/12/22/tsla-long-term-forecast-educational-22-12-2021-tsla-investing-fintwit/

A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, volatility index and DXY, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
https://investingangles.com/subscription/



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