S+P 500..Will Reach 4000

S&P 500 IndexTVC

Description

⋅ Mar 30, 2021 7:23 PM

The technical pattern of the S+P 500 shown here in a 15 minute Candlestick
reflects pause, hesitation, and uncertainty.

Choppy trading back and forth. Is the market building a top here, or is that a definite multi bottom base in front of you ?

To me" any" market worrying before the month of April is " the set-up" for SPX 4000
First quarter earnings,starting in Mid April should strongly surprise to the upside,
propel the market onward and upward, and possibly sharply higher too.

Recent technology weakness, will act as the "fake out dip"
before all these stocks , once again are bought in volume by big money in Q2
that should springboard technology stocks to all time highs yet again.

Long term bearish.Yes.
However this is NOT the time,.. to short this market.

THE_UNWIND
3/30/21
Wood of Connecticut.

Trend Analysis

Comments

pixelated.puzzle

⋅ Mar 30, 2021 9:26 PM

Haha...that’s what I responded to your posts a few months back... SPX will get to 4000.

The_Unwind

⋅ Mar 31, 2021 11:23 AM

@Pixelated.puzzle,

I remember that.
You had better eyesight than I did, at the time.
But it ain't there yet..

Marketmakerz

⋅ Mar 30, 2021 9:32 PM

4000? that’s a big 1% from here. Are you that bullish?

The_Unwind

⋅ Mar 31, 2021 11:26 AM

@Marketmakerz,

Big Round Four Digit Numbers can offer significant resistance until taken out.
1000,2000,3000, 4000,5000 Etc, Etc

ProfitHarvest

⋅ Mar 30, 2021 7:41 PM

Interesting... let's see.

Beautiful 2W 6pt Triple Top Down Megaphone taking shape there.

False breakout to the upside would still fit nicely in the nearer term bear case.

Lot of predictions for both big downside and big upside in April, sideways cases are few and far between.

The_Unwind

⋅ Mar 31, 2021 11:29 AM

@ProfitHarvest,

Anythings possible.
You know that as well as anyone .:)
Thank you for writing.

pixelated.puzzle

⋅ Apr 2, 2021 4:32 PM

I’d pay attention to the 5G rollout worldwide. After the official launch, there will be more severed cases of COVID. The current vaccine “can’t cope” then they name the mutant Covid-21. That could be the cause of the next drop.

leonardoauer

⋅ Apr 1, 2021 11:06 AM

so it seems it will reach 4000 may be a little more, my measures tell me 4100 no maximum.

illuminating_trade

⋅ Mar 31, 2021 10:23 PM

Nice analysis!
Check mine also !

yo-bmanz

⋅ Mar 31, 2021 5:51 AM

I agree with this 100%, Thank you!