On hourly sp500 forming falling bullish expending triangle, but on the big picture it is forming bearish expending triangle. Long uptrend channel was finally broken definitively and price was rejected this time at the back test.
I do not see how it would not be very healthy to test September/October 2020 peaks. would only be about 11-12% pull back. But again stimulus is on the way, somehow ends up in the stock market. Maybe we go for another back test of the channel.
I do not see how it would not be very healthy to test September/October 2020 peaks. would only be about 11-12% pull back. But again stimulus is on the way, somehow ends up in the stock market. Maybe we go for another back test of the channel.
