On 02/09/66 the DJI made a major top at 1000.00. One month later it was down 9% by October 1966 the DJI fell by more than 26%.
Tomorrow is 02/09/24 the 58 – year anniversary of this historic peak. Today the SPX hit 5000.00. It’s possible another major top at round number resistance could start on an important anniversary.
Hi...can't (personally) see it coming down anytime soon, AND certainly not gonna be a major drop if it does. Will continue to go up with the odd drop here n there. "They" will not let it drop that much, Fed will keep printing then...can't see it coming back anywhere near 4500 again - cheers, thanks for sharing.
The_Unwind
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Ascending Triangle...breakout of pattern near. This is serious. A move below SPX 4950 could trigger. Excellent post. Thank you