S&P for years has been having steady growth for years, last month's monthly close had everyone looking at the break in trend. With the break in trend we will be looking at lower levels and I have mapped out the support if Biden and the feds can control the market narrative... Though it does look like this is the beginning of a break down, play the supports as you see fit. My prediction is a leg down to the second support level, then we must reassess. This is basic trend analysis nothing fancy.
Trade active:
Holding on to support for dear life leave it, it's gunna break
Comment:
Updating all my old post, trading was good in 2022