SPX remains bullish with a good chance to rally to $4500 or higher, as forecasted earlier this month.
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. We will discuss technical events on different frames and provide the long- and short-term targets for the next moves.
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SP500 Weekly Analysis – Jan 15th:
Weekly/Monthly/Long Term Analyses (DOW, NASDAQ, RUSSELL, Commodities, Precious Metals and other):
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