Isn’t it time for non-believers to join @InvestingAngles service? This chart above was made in the middle of December. The chart below – a few minutes ago. Are you still skeptical about targets, about candles, about Elliott Waves?
The analysis today is a quick one. This mid term forecast below was shared on February 9 when everyone was looking ATH. It is still intact.
This long term forecast was first charted in September and than simplified in December. The details were posted on January 20 and there have been no changes since: https://investingangles.com/2022/01/20/sp500-long-term-forecast-bear-case-20-01-2022-spx-spy-sp500-es_f-elliottwave/
Short Term Forecast:
SP500 is expected to continue decline with a decent chance of acceleration.
Mid Term Forecast:
(unchanged, copy from the monthly analysis)
Expect SP500 to move lower in February, most likely in the second half.
Targets: $3850-3250, or a 20-33% loss off the top.
Minimal target – $3850 or 20% loss.
Timing: March 11-18.
Nasdaq Long Term Forecast:
Link to the Weekly Analyses
If you already follow @InvestingAngles on Twitter and would not want to miss an important post, you can follow the blog on WordPress by email (free service). In this case, all posts will be sent to your inbox directly, including those with Premium Content. The Premium Content sections of the posts will be readable only if you have an active subscription.