S&P500 Worst case scenario
Worst case scenario painted out... a real danger to the Infinity and Beyond Projection
Any attempt over the next two days is met with resistance and fails the 4H 55EMA;
then it breaks down below 4320, and takes out the last low to make a lower low... only to go all the way down to 3880, fulfilling the topping pattern at the very least to the downside projection.
Yellow circles point out similarities. And since failing to break up, means further break downs.
Just need trigger... over the next two days.
Counter projection is to break above decisively for a higher high, into the resistance range above 4400.
What say you???
I know I am slightly more bearish... else won't be looking at this down side projection.
Any attempt over the next two days is met with resistance and fails the 4H 55EMA;
then it breaks down below 4320, and takes out the last low to make a lower low... only to go all the way down to 3880, fulfilling the topping pattern at the very least to the downside projection.
Yellow circles point out similarities. And since failing to break up, means further break downs.
Just need trigger... over the next two days.
Counter projection is to break above decisively for a higher high, into the resistance range above 4400.
What say you???
I know I am slightly more bearish... else won't be looking at this down side projection.
Consider a new bull run...