S&P 500 is creating an ascending triangle inside a descending broadening wedge previously seen in my weekly chart too, but this is much clear, fingers crossed and good luck!
I honestly can't believe how can people be seeing these bullish patterns in a chaotic economical environment. China house market crash, US house market crash, Inflation uncontrolled, Interest rates will go well over 3.5%, highest values since 2008 I think. Everything, including the chart shows that we have room to go muuch lower.
But I hope people still get bullish, that's how stocks crash and I can buy lower.
TraderV123
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@weingartnerbruno1994, You can definitely wait and buy lower, but be prepared to wait a few months imo. You can be the next Warren Buffet!!
But I hope people still get bullish, that's how stocks crash and I can buy lower.