[SPX] Exactly on 5 Year Trendline... About to Tip!
We're on the steepest uptrend in this whole irrational bull market since September 2017.
Yesterday ended exactly on the 5 year (roughly average) trend line and possibly started the bounce off and reversal today. Not only that but it also happens to be the exact center of this latest upchannel.
Price stretching harder, higher and steeper to try to keep up!
Seems quite unsustainable, about to topple over. Tomorrow could be a great excuse to dump, timing couldn't be more perfect.
Look out on the way down at 3100, 2600, 2450 and 2100.
Let the market ripen a bit and should be bountiful short harvest in 2-3 weeks!
Yesterday ended exactly on the 5 year (roughly average) trend line and possibly started the bounce off and reversal today. Not only that but it also happens to be the exact center of this latest upchannel.
Price stretching harder, higher and steeper to try to keep up!
Seems quite unsustainable, about to topple over. Tomorrow could be a great excuse to dump, timing couldn't be more perfect.
Look out on the way down at 3100, 2600, 2450 and 2100.
Let the market ripen a bit and should be bountiful short harvest in 2-3 weeks!
Data analyst with a passion for best fit lines B)
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