Neon

SPX Short term speculative roadmap Jan 2021

Neon Updated   
SP:SPX   S&P 500 Index
Very rare but bullish corrective pattern
Comment:
This is a rare but very mischievous pattern but i find it highly applicable given the current economic set up
Comment:
Could extend next week up to 3855, even a a tiny bit higher into 3880s
Comment:
Next week are entering the risk window into Feb
Comment:
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
Comment:
Good start last 2 days, lets see how it proceeds into next week
Comment:
Next trading sessions very important. Should be attacking 3660 and if successful there, then 3550 which should be good enough for a correction here
Comment:
It made an irregular correction and overshot but now working on the downside wave
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