I've been waiting for the turn, and it looks like today we have it. Because of the extended pattern, I'm expecting lower prices into end of July. This idea is invalid if we get over 3950 today or next week on spx.
The big tech stocks which have held up (AAPL) will likely lead the charge down. SPX 500 chart has a major weekly trendline near 3500 and the 200 weekly ma is still around there, so that is likely where the next target will be.
Weekly chart
The big tech stocks which have held up (AAPL) will likely lead the charge down. SPX 500 chart has a major weekly trendline near 3500 and the 200 weekly ma is still around there, so that is likely where the next target will be.
Weekly chart
Kommentera:
Channel lost, any retest is an objective short
Kommentera:
Rejection from channel
