US Indices = Daily Analysis = 28.12.2021 #SPX #DowJones $SPY #SP500 $DIA #ES_F $NDX #fintwit $QQQ #ElliottWave

SPX is moving along as forecasted a week ago and is likely to continue upwards this week.

This daily overview contains:
– daily candle charts – analysis of candles and technical events;
– classical pattern in SPX;
– short term #ElliottWave charts and forecasts for SPX, NDX and DJIA.

From yesterday’s forecast: “a horizontal or slightly downwards movement for 1-2 days would be the most expected behavior.”

Daily
None of DJIA, SPX, and NQ has registered an alarming bearish event. While NQ’s and SPX’s candles are red, they are rather neutral than bearish due to poor support from various indicators.
RUT’s candle obviously qualifies for a Dark Cloud Cover. But it is yet to be confirmed, and, with quite bullish indicators, it remains to be seen.
The yesterday’s forecast stands: “… as indices are grossly overbought on the smaller frames (hourly), a horizontal or slightly downwards movement for 1-2 days would be the most expected behavior.”
As long as the indices do not close the next few days below the mid-point of Monday, the odds remain bullish.
Odds: Neutral-Bullish

CLASSICAL PATTERNS
On December 7, SPX completed a bullish flag pattern that was discussed with the subscribers. The charts below were taken on Dec 7 and Dec 27.
Flag target – $4950.


ELLIOTT WAVES

SPX
SPX is possibly working on wave (iii).

As discussed before, if SPX moves through $4750-4760 area, it would open the next target $4850-4950:
https://investingangles.com/2021/12/21/spx-next-target-21-12-2021-spy-investing-spx-trading-es_f-sp500-dowjones-ndx/

DJIA
DJIA seems to be on track for at least $38k.

NDX
The short term chart for NDX was posted earlier today:
https://investingangles.com/2021/12/28/us-indices-ndx-daily-update-28-12-2021-fintwit-qqq-elliottwave/

VIX Daily Update
https://investingangles.com/2021/12/28/vix-important-daily-update-28-12-2021-stockmarket-vxx-investing-trading/

Good luck!


Other Analyses:
$Oil $WTI – Long Term Forecast – 2022-2023
https://investingangles.com/2021/12/27/wti-oil-long-term-forecast-2022-2023-27-12-2021-wti-investing-commodities-elliottwave/

NatGas Long Term Forecast (no subscription):
https://investingangles.com/2021/12/24/natgas-long-term-forecast-24-12-2021-natgas-commodities-energy-fintwit/

Gold – Daily Analysis:
https://investingangles.com/2021/12/28/gold-xau-daily-analysis-28-12-2021-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave/

$SPX, DJIA, NDX – Weekly Analysis (no subscription):
https://investingangles.com/2021/12/26/us-indices-weekly-analysis-26-12-2021-spx-dowjones-spy-sp500-dia-es_f-ndx-fintwit-qqq-elliottwave/

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

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

DXY Weekly Analysis:
https://investingangles.com/2021/12/24/dxy-weekly-analysis-24-12-2021-dxy-dollarindex-usd-fintwit/

Bitcoin Weekly Analysis:
https://investingangles.com/2021/12/26/btc-weekly-analysis-26-12-2021-btc-bitcoin-crypto-cryptocurrency-fintwit/

Market Pulse – Weekly – $MSFT $AMZN $AAPL $FB $XOM $NVDA $TSLA $GOOGLE:
https://investingangles.com/2021/12/26/market-pulse-weekly-26-12-2021-msft-amzn-aapl-fb-xom-nvda-tsla-google/

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