S&P 500 is either about to drop or melt up like end of August

١٢ يناير ٢٠٢١

S&P riding on top of its main channel off the March 2020 low. Also note the very clear pennant style pattern in the RSI. Either this is the near term top or it is getting ready for a full blown melt up like the end of August.

١٣ يناير ٢٠٢١

ملاحظة

Wednesday morning at 9:09am

١٥ يناير ٢٠٢١

ملاحظة

Friday morning and S&P at a decision point. Selling off last night and holding at support. If it breaks below the support level, then it should fall to at least the middle of the channel.