Quote " Barring a -100 handle day tomorrow, the S&P 500 will
have increased every single month starting with February and
ending with July.
The only other calendar years we've seen that are:
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SP500 made a new high yesterday and it's looking to make new ones until the Friday closure.
We are heading to 1.618 fib level after breaking the middle line of the channel.
A breakage of the 1.618 level will take us to retest the upper trend line of the channel.
Strong Topping Pattern forming on SPY and other institutionally owned stocks.
I think it could be a good bet to short the market if we have a gap up tommorow along with any pullbacks. It may continue into mondays close.
15.08 and 21.88.
These are two numbers you want etched into your brain over the next 14 hours as they could provide a pivotal direction for the S&P500.
As we can see the VIX has been in a downtrend since its peak in March of 2020 and this week, the VIX bulls may have ran out of gas as they have failed again to make a higher high after valiantly breaking resistance...
Update on SP500
Bullish Momentum till $5000
After we hit that point I see a retest in the market such as a small crash - will update you guys closer to Area.
My BIAS for now is still bullish.
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Hi guys this is my first time taking a deeper look into Economies and their correction cycles so please forgive me if there are a few things I'm missing. I have mainly been a fundamental long-term stock investor for the past 6 years. However, over the past 2, I've taken a liking to chart Technical Analysis. So if you have any constructive feedback I'd actually...
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