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SebLeDank
Oct 10, 2021 4:53 PM

SPX 500 analysis Long

S&P 500 IndexTVC

Description

I posted a graph on a higher timeframe before we had a decent drop in all markets:


And I still stand by that, but on the lower timeframe, I see a falling wedge forming. The price action indicates to me that we are going to break up sooner rather than later, so this yellow arrow I have on my chart is somewhat what I expect :)

Comment

Forgot to mention: We have created a lower timeframe downtrend. The first one since covid crash in march 2020

Comment

Rejected as expected

Comment

And broke as expected :)
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