SPX - Long Term Significance To This Point In Time
This weekly chart show the significance of this point in time.
The white trendline has been a force since the beginning of the bull run since 2009.
The cyan dashed lines are 1/4 lines of the channel from the long term bull run beginning in 1982.
The fib circle was drawn from the 2009 low to the March 2020 low.
There is a lot of symmetry here....a beautiful thing.
What's it all mean? I would expect some level of fight to hold this line.
The white trendline has been a force since the beginning of the bull run since 2009.
The cyan dashed lines are 1/4 lines of the channel from the long term bull run beginning in 1982.
The fib circle was drawn from the 2009 low to the March 2020 low.
There is a lot of symmetry here....a beautiful thing.
What's it all mean? I would expect some level of fight to hold this line.
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.