if tested too many times support weakens -the grim analogy of
the little kid jumping up and down on the ice in one spot too many
times, eventually falls through the ice
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SPX 15 min
Posted by matt on 22nd of May 2023 at 03:27 pm
$SPX - Chart Link-
This looks to me like
Posted by junkie on 22nd of May 2023 at 03:42 pm
This looks to me like wave 4 consolidation. A bearish resolution to it will entails only 3 waves up.
SPX 3 min - another
Posted by DigiNomad on 22nd of May 2023 at 03:33 pm
SPX 3 min - another visit to the 200 period EMA. This has proven to be a solid support / buy point since about the 16th. Will it hold again?
if tested too many times
Posted by matt on 22nd of May 2023 at 03:36 pm
if tested too many times support weakens -the grim analogy of the little kid jumping up and down on the ice in one spot too many times, eventually falls through the ice