Bears should be crushed mode ... until 2800
Updated
1st of all thanks for all your great analysis.
Its been like more than 100 points of reversal anticipation. Me personally gave upon it.
My amateur observations are that market is moving abs. on macro conditions, FED and plunge protection algos, so technicals play the divergence role them self. Therefore ... I think s&p shall be filling the long term trend channel up to 1280. With this trajectory it meets exactly FED meeting. At which interest rates most likely will be altered to slap the naughty s&p and keep the dollar in shape, and having educatory drops in the sense "you need to work harder now to make America great again".
This is not in anyway an advice, but a brave hypothesis.
Trade safe.
P.S. Thanks for any likes, because I shared this mainly to get some reputation, so I can comment your ideas
Its been like more than 100 points of reversal anticipation. Me personally gave upon it.
My amateur observations are that market is moving abs. on macro conditions, FED and plunge protection algos, so technicals play the divergence role them self. Therefore ... I think s&p shall be filling the long term trend channel up to 1280. With this trajectory it meets exactly FED meeting. At which interest rates most likely will be altered to slap the naughty s&p and keep the dollar in shape, and having educatory drops in the sense "you need to work harder now to make America great again".
This is not in anyway an advice, but a brave hypothesis.
Trade safe.
P.S. Thanks for any likes, because I shared this mainly to get some reputation, so I can comment your ideas
Note
Typo *2800 upper boarder of the channel. S&P is almost there.Also, 2800 enters zone of the Bear cave. Only the mercy of China can save the bull above 2800 )
Note
One last try for a break out around 2815-2820 and there should be a retrace for consolidation.
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