S&P looks to be repeating the same overbought consolidation that leads to a breakout into the upper band of the BTFD (Buy the Fkn Dip) Channel.
This seems to occur when everyone is expecting a market correction / BTFD opportunity.
Most note worthy was in Aug-Sept 2020 that followed the exact same pattern followed by a 10% correction.
This seems to occur when everyone is expecting a market correction / BTFD opportunity.
Most note worthy was in Aug-Sept 2020 that followed the exact same pattern followed by a 10% correction.
