Hambooger

S&P 500 last leg? (Dec 8th 2020 - Feb 4th 2021)

Long
TVC:SPX   S&P 500 Index
S&P 500 Index (December 8th 2020 through February 4th 2021)

Low: 3591-3646.2 points
High: 3865.5-3901 points

Check the related ideas for progress on a longer term forecast I came up with.
I still think S&P 500 is on track to hit the 3800-3900 points range, and it could potentially take as late as February 2021 in my opinion.
If targets are achieved before then (I suspect it could happen in the weeks between Dec 28th 2020 and Jan 27th 2021,) there could still be an enormous market crash looming after. I've been saying this for months and have been wrong several times, but all the signs are there for me, and growing stronger. A lot of markets could see coinciding selloffs, including cryptos.

Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Trade closed: target reached: We got the exact targets within the EXACT timeframe!!! Now to attempt to figure out where the top of this run will be ;)
Trend and fib lines that I used for this chart calculation are available on a second iteration below: