wish you all the best.
Note
Hey guys,1/ 12 days below channel line is not good at all like bad
2/ we actually retest the lower channel line and dropped which kind of confirming that we are in a pullback move.
3/ possible outcome 1st target is 208 (9 % pullback to say the least.)
4/ breaking that is we need to reach 180 the same width of the channel.
something is about to happen technical wise channel wise.
wish u all the best.
Note
Going a way from channel's line, is not good from a technical point of view+ we have retested the broken line !. we shall see.Note
A confirmed break out to the down side, this would be the 3ed sector of SPX to do so.Note
We have already retested the broken channel, and still going higher perhaps morefundamentals here are more important than technical " Zero interest rates ".
Usually long time side way movements leads to big time break outs. It looks more
like an ABC corrective wave. We are in B wave if my count is correct, and we
should be or about to start wave c.
wish you all the best.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
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****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.