enduringmiss

enduringmiss

Hi Guys, We are at the very crucial months for the entire traditional market. I want to use S&P 500 as an indicator to give a high level understanding about the trend for the upcoming months. Let's directly dive into the chart analysis. Look at the monthly chart, S&P 500 is almost forming a H&S pattern overall. I had two yellow horizontal lines to indicate the...

enduringmiss

Look at the daily chart, I originally thought 300324 will be rejected at a strong resistance level at around 8.6 when it had a strong bounce off from the low of 5.12. However bulls surprised me and pushed it up to 9.5 price range, and then hard rejected it back to 8.6, by forming a tweezer top pattern. Then 8.6 becomes a crucial price level that the price was...