So let's get back to the prediction business. Based on the monthly sticks, a BB bounce (what we had here) usually reaches the SMA line, right now it is a bit above 2700. Since the start of a new year is most often bullish, it can be done by Jan 10th. Once/if we reach that level the rally could fade out and turn back down to continue the bear market.
Now looking at the weekly candles it gives more details. Right now it looks like a V-recovery (more obvious on the daily chart), a fast down with an equally fast and symmetric whiplash rally. The previous support was around 2600 and now the weekly SMA line is there, so that should give us resistance and a drop.
So maybe on Monday we get an end of year rally and reach 2600 or close. We might need 2 days for it. From there a hard bounce back first let's say 80-100 points, then the following days we go through 2600 into 2700ish. Once we are there, that is going to be the big decision maker.
TL;DR: Next 2 days up to 2600. After selling off from there, going up to 2700 in the next 5-8 days. After that anybody's call...
I like the projections although do not like the daily bar close. We could test below 2460 before heading higher. Will scale in 2440-2460.
