Friday, January 21, 2022

SPX Update: 4495 Target Captured: ~300 Points of Profit to Begin 2022

SPX captured its target zone yesterday, so we'll just pause here for a moment and let the charts do the talking:


Very long-term is currently an ugly bar on the monthly in snapshot, but the month isn't over yet:

In conclusion, SPX captured its January 3 target zone yesterday, so we'll pause here and let the market dictate whether it's going to find support soon or transmute into something more bearish.  Trade safe.

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