#SP500 = Daily Analysis = 14.03.2022 #SPX $SPY $DIA #ES_F $NDX $QQQ #IWM

After today’s closure, only $DIA somehow maintains the moderate bearish odds on the daily frame from the TA and candles perspectives. For $SPY, $QQQ and $IWM the odds are strong bearish.

This SP500 overview contains the charts and covers:
– SP500 and other indices – TA and Japanese Candlesticks analysis;
– short and long term charts and forecasts for SP500.

If you want to learn about perspectives for Nasdaq, Dow Jones, Russell, FTSE, DAX, CAC, ASX and NIFTY, the Weekly Analyses were updated over the weekend and can be viewed here:


If we look at the technical landscape of the major US indices on the daily frame, it is very bearish. All daily candles are bearish and QQQ closed at a new low.
The recently made “death” crosses do not provide confidence about a possible reversal in the near term. The majority of other monitored indicators are bearish as well.

Odds: Bearish


The long term forecast was first charted in September and simplified in December. The detailed analysis was 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/
The most recent chart can be viewed in the weekly analysis.

SP500 Short Term
We have been tracking these paths since February 5th. So far, we have not seen an event that would trigger a change. The change may come tomorrow and I added a green count for this possibility. The detailed description and a micro path chart – below.

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  1. Red (primary).
    Main hypothesis – a complex wave B ended and wave C has started.
    Minimal target: $3850.
    Target area: $3230-80; the most probable – $3248.
  2. Purple.
    Wave 5 of C is underway.
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SPX could be entering the area of possible acceleration downwards. So far, there is no candle/indicator on the daily and hourly frames that would lead to a possible bullish reversal.

Mid Term Forecast:
(unchanged, copy from the previous six weekly analyses)
Targets: $3850-3250, or 20-33% loss off the top.
Minimal target – $3850 or 20% loss.

Possible timing – mid April.

For a complete picture, it is highly recommended to read the daily VIX analysis:

*** End of Analysis

Follow the links below for detailed analyses of global indices, commodities, cryptocurrencies, and stocks.

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