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
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