SPX Short term speculative roadmap Jan 2021

By Neon

Updated

Very rare but bullish corrective pattern

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This is a rare but very mischievous pattern but i find it highly applicable given the current economic set up

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Could extend next week up to 3855, even a a tiny bit higher into 3880s

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Next week are entering the risk window into Feb

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with 3833 it is exactly 600 points of the low in late Oct. Curiously, we already has a 600 point rise into early Sep. So if there is a risk off window as i think, then we should be moving pretty soon. Alternatively, this could be early diagonal forming which are very misleading patterns

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Good start last 2 days, lets see how it proceeds into next week

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Next trading sessions very important. Should be attacking 3660 and if successful there, then 3550 which should be good enough for a correction here

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It made an irregular correction and overshot but now working on the downside wave

Neon

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SPX Base Roadmap Jan 2021

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