SPX At the Multi-Year Broadening Acculmulation Resistance Line

Since 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible. Traders, get ready because the Asian session just might be the session to watch for this break.

Be Careful, though because the institutions can crash it faster than you can think about it. So be prepared but be careful. We're clinging on to the ceiling of this schematic.

Trade active:

60 PIPS IN PROFIT. Take partials, move SL

Comment:

It's broken the Ascending resistance. Now it's bouncing off the muti-week channel channel line. Keep an eye on that.

Comment:

Aiming for 3570. Taking more profit now at 3558.

Comment:

I actually entered a second position at 3538 as well, about 30 minutes after market open

Comment:

Upping my TP TO 3603. Placiing what I like to call a "Future Fib" the current resistance has rejected as the 50% line, currently turning at the 61.8% line which would make the new high 3603. S/L Has bee moved into profit in case this new idea goes against me. And I've already taken 40% of the original tade size as profit. 60% more to go and I plan on splitting that up in three 20% increments as new highs are reached.

Comment:

The "future fib" is oddly fitting every fib level