[SPX] This TRUMP Speech Gonna Be Crazy... BEWARE Feb Peak! B)
This is my prediction months ago finally coming to fruition!
DO of DIE
We punctured the Feb peak and quickly retraced back under and now holding in the tight wedge just above 5Y trend... two very strong S/R right now!
I dunno, maybe we go up from here but the harder the fall...
Maybe if we get solidly above the 2M peak downtrend (white) a long position could make sense but otherwise I'm expecting election chaos to be the catalyst for a trip down.
DO of DIE
We punctured the Feb peak and quickly retraced back under and now holding in the tight wedge just above 5Y trend... two very strong S/R right now!
I dunno, maybe we go up from here but the harder the fall...
Maybe if we get solidly above the 2M peak downtrend (white) a long position could make sense but otherwise I'm expecting election chaos to be the catalyst for a trip down.
Data analyst with a passion for best fit lines B)
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