[SPX] Playing Field for November Week 3... Time to LACE UP!
I'm still very bearish with this model.
I can't take any bull case seriously until I see Price close above the 5Y Peak Trend Channel (dark blue).
This channel has rejected Price a total of 5x of 5Y with the last ones being 1W, 2M and 9M ago.
This is the ultimate market inflection point, if we break through, who the fck knows what's gonna happen, will probably be very volatile and unsustainable for long periods but if we get rejected a 6th time, we're heading back down to 3k most likely.
I can't take any bull case seriously until I see Price close above the 5Y Peak Trend Channel (dark blue).
This channel has rejected Price a total of 5x of 5Y with the last ones being 1W, 2M and 9M ago.
This is the ultimate market inflection point, if we break through, who the fck knows what's gonna happen, will probably be very volatile and unsustainable for long periods but if we get rejected a 6th time, we're heading back down to 3k most likely.
Nota
We got a gapup breakout from the last rising wedge, now we have a fatter, more sideways RW taking shape...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.