This week's trading in the S+P, rallying back to the old high at 2665, on Mon and Tues, prior to the Fed Meeting
making a new high at 2671.88 on Wed, closing weakly at 2662.85, on a goldilocks day, not a worry in the world day
when the Fed Raised rates closing on the low at 2662.85
Now if 2652, is broken on the open on 12/15, S+P will generate an immediate sell signal.
My chart work suggests that a breakdown from here could ultimately bring the pattern all the way back down to 2600,
by the end of the year
Now that would get a few "folks" worried.
THE_UNWIND
making a new high at 2671.88 on Wed, closing weakly at 2662.85, on a goldilocks day, not a worry in the world day
when the Fed Raised rates closing on the low at 2662.85
Now if 2652, is broken on the open on 12/15, S+P will generate an immediate sell signal.
My chart work suggests that a breakdown from here could ultimately bring the pattern all the way back down to 2600,
by the end of the year
Now that would get a few "folks" worried.
THE_UNWIND