SP500 - Looking ahead
Not investment advice. How to read the chart:
Markets poised to go higher, same companies driving the price action higher blah blah blah its all been said.
I see a few possible scenarios and ill rank them in order of probability in my opinion:
1. Markets continue melt up higher, inflection point at the purple rectangle/The Line. We may take a breather here and rocket to 3600
2. Dekembe Mutombo rejection at The Line sending us back to the feb high/green zone which is now long term resistance (sry permabears, still hope tho, continue reading). will move up from there get your dip buying sweat going
3. Perma-bearporn: that little red rectangle is for you. Possible low if sh*t hits the fan. Those fingers pointing are BTDerporn
Markets poised to go higher, same companies driving the price action higher blah blah blah its all been said.
I see a few possible scenarios and ill rank them in order of probability in my opinion:
1. Markets continue melt up higher, inflection point at the purple rectangle/The Line. We may take a breather here and rocket to 3600
2. Dekembe Mutombo rejection at The Line sending us back to the feb high/green zone which is now long term resistance (sry permabears, still hope tho, continue reading). will move up from there get your dip buying sweat going
3. Perma-bearporn: that little red rectangle is for you. Possible low if sh*t hits the fan. Those fingers pointing are BTDerporn
Trading ditutup: target tercapai:
Dont fade the dataguy