Today SP500 has broken the bearish flag boundary and has a good chance to follow RUT that made the same move a bit earlier.
The classical patterns were identified on November 24. RUT targets remain the same; a minor adjustment for SP500 ones.
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.
Latest SP500 Weekly Analysis:
Weekly/Monthly/Long Term Analyses (DOW, NASDAQ, RUSSELL and other):
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