TradingView
samitrading
Sep 2, 2020 12:01 PM

break through 2009 upper trend line FAKE or REAL  

S&P 500SP

Description

it might sounds crazy, but if this break through holds. We are in for hundreds of points to come in the next few months.
KEEP IN MIND, that Elliott wave, Bollinger B, seasonality and many other analyst say that we r at a TOP or near a TOP ?!
time of watching closely anything could happen at any time. Just remember this cycle 2009 to today is longer and it's extended
much more than the previous ones. and every analyst you see talking about it They ALL FAILED AT Picking UP THE TOP SO FAR ?!

wish everyone the best.

Comment

Hey guys, we are under the historical trend line and did not get a confirmation of a break out above the upper line. Looking back from the beginning of this formation it could take several months to reach the bottom if the bears get total control of the market.

Choose ur stock carefully !

wish you the best.

Comment

we broke it loud and clear. Could this be the run of a life time ! or Jut another Bull's trap. Key watch MACD +RSI divergences.

wish you all the best.

Comment

From difference perspective and angle. According to John Murphy's book this is a

confirmed bullish break out with four candles above the trend line.

wish you all the best.

Comment

3561 , breaking this trend line not good at all.
Comments
samitrading
Could this be the run of a life time ! or Jut another Bull's trap. Key watch MACD +RSI divergences.

wish you all the best.
yupyupyup
I may have been off by 1 or 2 days but I believe we've lost the pre-covid high support now.

I try to work both charts and intuition. In this case it was more intuition than charting that said the 16th.

All the best.
samitrading
@yupyupyup, I believe you man, and i think will get another pullback that's why i mentioned you :-) lol. I did a little study about September and it is
confirming your date +- 3-5 days. i hope you are short or out of the market. check this out.

wish you all the best.

yupyupyup
we will find out by the 16th
samitrading
@yupyupyup, i wounder why the 16th. can you enlight me.
samitrading
@yupyupyup, waiting for you :-)

wish you all the best.
More