Friday’s closure opens a few bullish perspectives for SP500, however, they will be very much dependent on the Monday-Tuesday’s actions.
In this quarterly analysis, I will traditionally evaluate the candles that SP500 formed on multiple frames, compare them to the candle formations in other major US indices and also cover the most interesting formations globally in FTSE, DAX, CAC and ASX. We will discuss technical events on different frames and analyze the long- and short-term perspectives for SP500 development using Elliott Waves.
Nasdaq Quarterly Analysis:
Russell Quarterly Analysis:
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