S&P still respecting the 2009 resistance trend line
Mis à jour
Update on my previous post. The S&P is still fighting with the resistance setup from 2009. Big pump at the end of today still did not change that. My guess, the big boys trying to suck in as much money as possible to try and pump S&P above this resistance. A 2-3% pump in something like 30 minutes was not driven by retail investors. Question is will retail jump in to get a breakout or will the big boys dump it by the end of the week? The setup looks pretty bullish to me, but need some kind of breakout to really make me choose to go more in or not.
2h
1W
2h
1W
Note
Thursday 10amNote
Noon and sitting right on the trend lineNote
End trading on Thursday and it was clearly rejected from the trend line. Let's see what tomorrow brings.Note
Maybe a bearish rising wedge forming?Note
Friday 10:15am and S&P gapped right down out of the rising wedgeNote
Thursday Dec 23 and still respecting the line.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.