ch4otik
Short

S&P 500: Tracking Trends and S&R Lines

AMEX:SPY   SPDR S&P 500
82 0 1
This chart is just to post a theory. I do not know if I am right, and I do not know if I am wrong. I actually hope I am wrong. The top trend line was designed to meet the long term bottom trend line at a point close to or at a support and resistance line in order to anticipate when the market might officially tank.
Again, this is simply a theory. I designed it to fit with my view that, though it might slowly decline with lower lows and lower highs, political reasons will not allow the market to crash during the current administration. For this reason, the lines intentionally converge at a point after the 2016 elections.
Again, this is all opinion and is not based on sound analysis. It is just conjecture. If it turns out to be right, then maybe I really will start believing in conspiracies about wealth distribution.
Comment: Well.
The intentionally designed chart was disproved so no conspiracies about wealth distribution for me.
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