S&P 500 Equal Weight ETF P-like wave
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Observation:
The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view:
Daily consolidating since April 2024.
P-like wave
Weekly view:
Weekly pullback to the box of 2022.
Weekly flag pole
Comment:
Patience and sitting on hands in a bull market trend...
The S&P 500 Equal Weight ETF has been consolidating since April 2024. The price will enter the apex of consolidation in July through August, coiling for a breakout at that time; if not, the market will delay until US elections in November.
Daily view:
Daily consolidating since April 2024.
P-like wave
Weekly view:
Weekly pullback to the box of 2022.
Weekly flag pole
Comment:
Patience and sitting on hands in a bull market trend...
Note
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