$SPX = Yearly Review = 02.01.2022 #SPX $SPY #SP500 ES_F #ElliottWave

SP500 Yearly Review continues the series of long term Forecasts for 2022 that @InvestingAngles provides for the followers and subscribers.

This Yearly Review contains:
– analysis of quarterly, monthly and weekly candle charts;
– long term Forecast for 2022;
– short term projection for the index.

CANDLES
Quarterly
SP500 formed a bullish Maribozu candle that suggest a continued advance. The candle is supported by indicators and no event signals a possible reversal.

Monthly
The monthly candle closed above November high and canceled the bearish odds in previous month. The horizon is clear and the index is expected to grow in January.

Weekly
While the weekly candle is green, it experienced certain bearish pressure that is supported by some indicators. The odds are bullish, but close to neutral. Possible outcome – horizontal or slightly downwards movement.

Daily
Four last candles can be viewed as a consolidation before a move higher. The candles have not penetrated the lower part of the preceding green candle and the bearish path is not well supported yet by technical indicators. The trend stays healthy. The price is above 8 EMA. Until a daily candle closes below ~$4734, the bullish odds will be higher.

ELLIOTT WAVES
This section discusses the targets and timing for SPX for year 2022 as well as covers the short term projection.

Short Term
The short term targets remain unchanged as they were identified on December 20th.

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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, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
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3 thoughts on “$SPX = Yearly Review = 02.01.2022 #SPX $SPY #SP500 ES_F #ElliottWave

  1. Isn’t there going to be a significant pullback starting in March? Your year-end target is in agreement with Avi Gilburt’s.

  2. Based on the candle structure I’d say a horizontal or slightly downward movement for several months is possible in Q2-Q3. At this point I am not seeing any significant pullback.

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