SP500 made two green monthly candles in a row. Would it be sufficient to start a rally as it happened in 2018 and 2020, or there is something else?
In this monthly analysis, I will evaluate the candles that SP500 formed on multiple frames, compare them to the candle formations in other major US indices and some Large Cap stocks. We will discuss technical events on different frames and analyze the long- and short-term perspectives for SP500 using Elliott Waves.
This analysis is part of the @InvestingAngles Series for US and global indices, Crypto, Commodities, Currencies, and some Large Cap stocks.
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