3 choices
1. this is the exact bottom and June shoots like a rocket off the retest of the 61.8% and we run for both the green long term trend line and the top of the channel.
2. We go sideways on this fib for months and make a big H/S to consolidate volume and make a new point of control around 4400, but investors make no money unless they sell the tops.
3. We crash a lot more. TSLA goes to 200 and touches it's 100 MA. The market falls to the next trend line available and retests it's current point of control much lower.
I have no clue what will happen. I don't know if BTC will run with it. I don't know if small cap will go with it. Interestingly, the top of this channel was made by the peak of the 1929 crash, and the bottom made by the bottom at the end of the crash. This is the longest term channel possible on the SPX.
1. this is the exact bottom and June shoots like a rocket off the retest of the 61.8% and we run for both the green long term trend line and the top of the channel.
2. We go sideways on this fib for months and make a big H/S to consolidate volume and make a new point of control around 4400, but investors make no money unless they sell the tops.
3. We crash a lot more. TSLA goes to 200 and touches it's 100 MA. The market falls to the next trend line available and retests it's current point of control much lower.
I have no clue what will happen. I don't know if BTC will run with it. I don't know if small cap will go with it. Interestingly, the top of this channel was made by the peak of the 1929 crash, and the bottom made by the bottom at the end of the crash. This is the longest term channel possible on the SPX.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.