SPX500 more trends to watch
I say watch the yellow.
I understand it was HUGE that we broke through the trend that was highly compressed everyone's been watching on the tops and peaks and now that diagonal line is broken. However, I'd argue that this other diagonal as well as the Horizontal near it also may cause some near-term Resistance. however ultimately, I'm ok with the UP and called long ago for an eventual gap fill at 4220.
I'm still not sure this Bottom is in except for maybe near term. i still think that between here and the road to 2025 we see a test in the 2800 to 3350 range for SP500 which never came. I guess i could be happy with how close it came and that was close enough for a call made over a year ago now. that we needed that flush once the $ printer turned off.
Sadly, I still think we have more global issues coming. As well as lockdown 2.0 BOTH of which will cause mini swans.
Good chance we slowly grind up from here until at least March unless we get another WAR.
Still waiting for real housing correction as well as auto loan industry implosion. FAR TOO MANY people now have $80-150k auto loans. IMO.
I understand it was HUGE that we broke through the trend that was highly compressed everyone's been watching on the tops and peaks and now that diagonal line is broken. However, I'd argue that this other diagonal as well as the Horizontal near it also may cause some near-term Resistance. however ultimately, I'm ok with the UP and called long ago for an eventual gap fill at 4220.
I'm still not sure this Bottom is in except for maybe near term. i still think that between here and the road to 2025 we see a test in the 2800 to 3350 range for SP500 which never came. I guess i could be happy with how close it came and that was close enough for a call made over a year ago now. that we needed that flush once the $ printer turned off.
Sadly, I still think we have more global issues coming. As well as lockdown 2.0 BOTH of which will cause mini swans.
Good chance we slowly grind up from here until at least March unless we get another WAR.
Still waiting for real housing correction as well as auto loan industry implosion. FAR TOO MANY people now have $80-150k auto loans. IMO.
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