SP500 index is declining as I flagged it a month ago and the chances that it closes December with strong bearish odds are increasing.
In this Daily 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 provide the long- and short-term targets for the next moves.
This SP500 chart was first shared in September 2021, 15 months ago.
The same chart today – below:
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