It’s been two years since we suggested a multi-year corrective action for the US stock market. The saga continues and it is time to evaluate September’s monthly closure.
Before we deep dive into the charts, I’d like to offer a little retrospective.
SPX charted on September 20, 2021:
SPX adjusted on January 20, 2022:
In this analysis we evaluate various technical indicators of S&P 500, discuss the recently completed candles and candle formations on multiple frames, and share long and short term forecasts charted with Elliott Waves.
If you want to read about other US and global indices, the respective weekly reports can be found here:
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