S+P 500 Line/Break Daily Chart continues to defy gravity,
as it lifts towards it's destination point at 2872.87,
to complete a massive Head and Shoulder's Reversal Pattern.
I have been writing about this possibility here on tradingview.com,
and today's almost straight up rally, perverse as it may seem to a majority
surely has caught sizeable bear capitulation, simply by being positioned wrongly,
at the close of trading yesterday after the Fed meeting.
Bear covering capitulation continues to be the hallmark of this rally,
and shall continue to be so, until 2872,87 target is reached.
SPX 2852.14 Last
THE_UNWIND
3/21/19
Mountains/New York
as it lifts towards it's destination point at 2872.87,
to complete a massive Head and Shoulder's Reversal Pattern.
I have been writing about this possibility here on tradingview.com,
and today's almost straight up rally, perverse as it may seem to a majority
surely has caught sizeable bear capitulation, simply by being positioned wrongly,
at the close of trading yesterday after the Fed meeting.
Bear covering capitulation continues to be the hallmark of this rally,
and shall continue to be so, until 2872,87 target is reached.
SPX 2852.14 Last
THE_UNWIND
3/21/19
Mountains/New York