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US Indices

SP500 – Daily Analysis

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Daily Nasdaq Open Articles SP500
1230

SP500 inched higher—on a red candle. Warning shot or harmless noise? This Daily reads the tape across frames—candlespeak, momentum, and Elliott Waves—to flag the flip levels and decide whether the forecast needs a tweak.

CANDLES

Today, SPX spent the session closing the gap—then did, and rallied in the final 30 minutes just enough to leave the candle slightly more bullish than bearish despite the red print. The other three indices showed similar late-day shifts. That final push kept the combos neutral-bullish and price above critical support levels.

Short term: bullish, closer to neutral
Mid & long term: bullish

Elliott Waves

Mid Term

Mid-term outlook unchanged: the purple count remains primary. Recent technical developments may warrant revisiting targets. We should have cleaner prints by the weekend.

Short Term

The blue and green counts remain on the table with near-equal odds.

SUMMARY

SPX and peers remain bullish, backed by candles, technicals, and trend support. Long-term odds stay bullish.

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Happy Trading!

Daily Nasdaq Open Articles SP500
1230
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