markrivest

SPX Bullish into Early 2021

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TVC:SPX   S&P 500
In the last few days the SPX Elliott Wave pattern appears to be a series of one's and two's up which is the prelude to a strong move up. Each of the prior declines bottomed at or very close to Fibonacci support. 15 - minute Stochastic was in the oversold zone after the late 12/23/20 decline. Post Christmas trading for US stocks is usually bullish.
Sometimes stock markets can top just after the new year. There could be either a minor or possibly major peak in early 2021.
I will have updates when necessary.

Merry Christmas to all!

Mark

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.