SPX has hit the Fib extension and is coming back to retest support on fairly low volume. This is all normal and healthy and bullish.
There are also many close level of support even if we do fall through again, but IMO
it's just taken a while to establish dominance above this trendline that goes back to February (and arguably around the start of 2018).
There's nothing bearish going on here, and won't be until some of the major supports in green are broken.
There are also many close level of support even if we do fall through again, but IMO
it's just taken a while to establish dominance above this trendline that goes back to February (and arguably around the start of 2018).
There's nothing bearish going on here, and won't be until some of the major supports in green are broken.