The road is getting tighter and tighter and we all know last 12 months run was rather steep. The 1st black line should hold but will not be surprised if we break that down
Comment:
look at that, closely matching so far. I expect a slow pullback from 4100-4150 range and then one final push to break it but it will fail and go down.
Trade active:
Surprised that it shot past the topline resistance. Still I believe that we should see a big way down but I am also starting to suspect that money has no where to go except into stock. Crypto overvalued, bonds are shorter enough that at one point there was no room to short anymore. Last inflation data unfazed S&P due to that....so what will be the breaking news to normalize this steep ascend. Profit taking will not be enough.