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misternico
Jan 12, 2023 6:49 PM
Can we break it?
SP:SPX
1W
S&P 500
SP
Description
⋅
Jan 12, 2023 6:49 PM
The s&p is still moving down.
As long we cant break the trandline we go further down.
We need a candle breakout above the trendline to change the trend.
Trend Analysis
Chart Patterns
Wave Analysis
Comments
nzahir
⋅
Jan 12, 2023 7:56 PM
Pay attention to what happened in the beginning of 2002
Similar trendline, small fake breakout
Week of Jan 7th 2002: 1177
1174 March 18th (but "broke out" of trendline")
Then made a new low
Similar move would be us going to 4100.
aox8zs
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Jan 12, 2023 9:22 PM
@nzahir
, Then made a new low
aox8zs
⋅
Jan 12, 2023 7:00 PM
No. Dont do it.3000
More
Similar trendline, small fake breakout
Week of Jan 7th 2002: 1177
1174 March 18th (but "broke out" of trendline")
Then made a new low
Similar move would be us going to 4100.