markrivest

SPX Bullish into Early 2021

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

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.