Short

S&P 500 index Rising wedge

Updated

S&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).

This may also affect the crypto market

Note

Bounced perfectly on the bottom line support. We live to see another day. Expecting this to take a while to play out, but be careful!

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Ok we broke. This will be some interesting weeks/months if we dont recover quickly

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Right now its retesting the old support trend line. If it rejects we will probably see another large dip in the whole market

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Larger timeframe retest. Now we really start the downtrend (hopefully :P)

SebLeDank

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