SPX: Bulls Take the Stairs; Bears Take the Elevator

Well the time has finally come..

Time for SPX to take a trip..

A trip to March 2020 SPX levels..

Enjoy the last couple floors up and I will see you at the bottom (not "the" bottom though- see related ideas)

Cheers!

Kommentera:

DANGER DANGER DANGER

As can see this analysis has been on the money

We are now in the resistance zone as indicated on the chart

Everyone should pay particular attention to their risk management here as the market is at a critical crossroad

if the market can't decisively blow through this resistance zone then down we go

Oh and over the next few months, starting tomorrow, you are about to see that "News" (aka Fed rate pause, Fed rate hike, Fed rate cut, etc) doesn't have the affect on the market that you think it does