I believe I have found the long term
Line of Control, shown here on the Weekly S+P 500 Chart.
It was sharply violated in the fall of 2018, and price plummeted lower
before finally finding long tern support at the 2346 bottom in December 2018.
Now notice what price in the S+P 500 has done in 2019.
It has simply reverted back to the mean,or to the "Line of Control."
Shown Here on The Chart I created.
This time, in the entire year long rally throughout 2019, price has stayed "Below"the Line of Control
which In technical analysis is often called a "snap back" rally.
In this type of rally, price has actually moved up to new all time historic highs,
following "just below" the control line the entire year,
If it does not fail before then it will meet the exact Line of Control
at S+P 3162,
by December 2019.
Yet the underpinnings of the the 2019 rally are technically weaker,
in a "snap back" rally form, which supports the bearish relative strength" divergences often cited,
so the support structure of the pattern is likely to give way much easier when tested,
Thus, it is important to understand that any break down in the market now
should revert price right back to Major Support
at the December Low at 2346.
And the sudden collapse in price should it come, will be sharp and swift,
with little warning,leaving market participants shell shocked and much poorer.
The wealth transfer from good to perceived evil and back ,societies richest to poorest equalizer in capitalist warfare.
will thus be very unforgiving to the wall street crowd , who stayed to long at the party
and were simply left holding the bag of vastly reduced stock certificates,. in the end.
THE_UNWIND
11/24/19
NEW YORK
Line of Control, shown here on the Weekly S+P 500 Chart.
It was sharply violated in the fall of 2018, and price plummeted lower
before finally finding long tern support at the 2346 bottom in December 2018.
Now notice what price in the S+P 500 has done in 2019.
It has simply reverted back to the mean,or to the "Line of Control."
Shown Here on The Chart I created.
This time, in the entire year long rally throughout 2019, price has stayed "Below"the Line of Control
which In technical analysis is often called a "snap back" rally.
In this type of rally, price has actually moved up to new all time historic highs,
following "just below" the control line the entire year,
If it does not fail before then it will meet the exact Line of Control
at S+P 3162,
by December 2019.
Yet the underpinnings of the the 2019 rally are technically weaker,
in a "snap back" rally form, which supports the bearish relative strength" divergences often cited,
so the support structure of the pattern is likely to give way much easier when tested,
Thus, it is important to understand that any break down in the market now
should revert price right back to Major Support
at the December Low at 2346.
And the sudden collapse in price should it come, will be sharp and swift,
with little warning,leaving market participants shell shocked and much poorer.
The wealth transfer from good to perceived evil and back ,societies richest to poorest equalizer in capitalist warfare.
will thus be very unforgiving to the wall street crowd , who stayed to long at the party
and were simply left holding the bag of vastly reduced stock certificates,. in the end.
THE_UNWIND
11/24/19
NEW YORK