SPX Short term speculative roadmap Jan 2021
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Very rare but bullish corrective pattern
Uwaga
This is a rare but very mischievous pattern but i find it highly applicable given the current economic set upUwaga
Could extend next week up to 3855, even a a tiny bit higher into 3880sUwaga
Next week are entering the risk window into FebUwaga
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 patternsUwaga
Good start last 2 days, lets see how it proceeds into next weekUwaga
Next trading sessions very important. Should be attacking 3660 and if successful there, then 3550 which should be good enough for a correction hereUwaga
It made an irregular correction and overshot but now working on the downside wave
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