There is a chance SP500 made a rather clean 5 waves down followed by a corrective wave up. If my hypothesis is correct, tomorrow the index could follow this path. Let’s talk about other perspectives.
In this daily analysis, I will evaluate candles that SP500 formed on multiple frames, compare them to the candle formations in other major US and some Large Cap stocks. We will discuss technical events on different frames and provide the long- and short-term targets for the next moves.
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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