BUY or BYE? New All Time High for SPX?
Hello!
From the chart above, it can be seen that SPX is forming a reversal pattern, inverted HnS.
But if you look at the trend structure, if SPX is unable to break the Fibonacci numbers 702 to 786 and then accompanied by a large selling volume, then there is a possibility of forming a lower high which indicates a bearish continuation!
Based on sentiment, the narrative that led to "CRASH INCOMING!" "SELL!", remember that we have to think in the opposite direction to market conditions!
Does this mean buy?
From the chart above, it can be seen that SPX is forming a reversal pattern, inverted HnS.
But if you look at the trend structure, if SPX is unable to break the Fibonacci numbers 702 to 786 and then accompanied by a large selling volume, then there is a possibility of forming a lower high which indicates a bearish continuation!
Based on sentiment, the narrative that led to "CRASH INCOMING!" "SELL!", remember that we have to think in the opposite direction to market conditions!
Does this mean buy?
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