Narrowing range ahead as vaccination hits critical mass, no more flashy stimulus/vaccine/recovery "hopes" headlines, exhaustion top likely around 430, and bubbly valuations could result in shocking pullback to 310-15 in second half of the year.
Getting really close to the max pain level of 329.50 where the lower bollinger band, 50-SMA, and March trend line all converge
Good risk to reward for going Long here
A break below 329.50 would invalidate this Long
The writing is on the wall as this continuously expanding megaphone pattern comes to fruition,
sharp decline is expected once stock market comes in line with the reality of actual, overall economy
recover will be strong and I believe we'll finally start a new bull market once this thing is actually taken down and bottomed in 2021