Firstly, congratulations to all long term buyers who hold SPX or a variation.
Previous Bullish analysis here
See the First 2021 forecast here
Monthly imbalances
While the 4K is a newly created all time high, the imbalance will now become a great area to exchange price action between the buyers and sellers.
Price has now created the interesting inefficient pricing leaving a long imbalance short effect, this will require patience while the sequence is completed for the Selling imbalance to take place.
The Weekly imbalance as shown on the current chart represents a new imbalance where price will look to revert to as an area of discounted buying.
Where are we with the Inflation ETF - RINF VS SPX?
An update below shows the positive correlation still maintaining structure.
Note- The Fibonacci sequence here shows the RINF - but the completion sequence aligns with 4,200+ zone.
EEM vs SPX update
What does the emerging markets show us?
Well the imbalances are within the same as the US market, but the economic recovery in terms of imbalance price driving in the EEM - shows that whilst fundamentally there is more volatility . The activeness of these markets provides a telling Fibonacci extension target is not to dissimilar along with the SPX.
Beware of XAU, XAG - currently lagging behind upon a large correctional imbalance move as inflation remains low, plus the imbalance zone not ready yet for action to be taken.
XAU vs SPX
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Previous Bullish analysis here
See the First 2021 forecast here
Monthly imbalances
While the 4K is a newly created all time high, the imbalance will now become a great area to exchange price action between the buyers and sellers.
Price has now created the interesting inefficient pricing leaving a long imbalance short effect, this will require patience while the sequence is completed for the Selling imbalance to take place.
The Weekly imbalance as shown on the current chart represents a new imbalance where price will look to revert to as an area of discounted buying.
Where are we with the Inflation ETF - RINF VS SPX?
An update below shows the positive correlation still maintaining structure.
Note- The Fibonacci sequence here shows the RINF - but the completion sequence aligns with 4,200+ zone.
EEM vs SPX update
What does the emerging markets show us?
Well the imbalances are within the same as the US market, but the economic recovery in terms of imbalance price driving in the EEM - shows that whilst fundamentally there is more volatility . The activeness of these markets provides a telling Fibonacci extension target is not to dissimilar along with the SPX.
Beware of XAU, XAG - currently lagging behind upon a large correctional imbalance move as inflation remains low, plus the imbalance zone not ready yet for action to be taken.
XAU vs SPX
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
