As I expected, and warned about, the S+P 500 sold off in a pattern break on 12/30/19,
briefly stopping the momentum of those who wanted to "coast home" easily to end the year.
Multi Pattern 60 Minute Box Chart shown here, highlights the distribution box
moving price back into the prior pattern, and rendering an initial sell signal here.
The pattern setup right now also highlight a potential further downside push
if sellers feel "forced" by the market to liquidate further above 3200.
The markets perverse and unpredictable ways will almost certainly create
some unexpected fireworks as 2019 comes to a close, and 2020 begins.
End of the year market moves often start new, and unexpected trend changes
sometimes in the exact opposite direction of the one that proceeded it,
Special Note : Wishing all my readers/followers here a very Happy and Safe New Year 2020
Hopes for Peace, Prosperity, and Love to everyone.
2020 could see my long awaited return to my home state of Connecticut,in late summer.
Stay tuned.,,,
THE_ UNWIND
12/31/19
NEW YORK
briefly stopping the momentum of those who wanted to "coast home" easily to end the year.
Multi Pattern 60 Minute Box Chart shown here, highlights the distribution box
moving price back into the prior pattern, and rendering an initial sell signal here.
The pattern setup right now also highlight a potential further downside push
if sellers feel "forced" by the market to liquidate further above 3200.
The markets perverse and unpredictable ways will almost certainly create
some unexpected fireworks as 2019 comes to a close, and 2020 begins.
End of the year market moves often start new, and unexpected trend changes
sometimes in the exact opposite direction of the one that proceeded it,
Special Note : Wishing all my readers/followers here a very Happy and Safe New Year 2020
Hopes for Peace, Prosperity, and Love to everyone.
2020 could see my long awaited return to my home state of Connecticut,in late summer.
Stay tuned.,,,
THE_ UNWIND
12/31/19
NEW YORK