Posted by DigiNomad on 20th of Mar 2024 at 04:33 pm
But I don't think it was the more powerful wave 3 break of the
resistance cycle. Those breaks often go crazy, but not so much when
it breaks higher on wave 5. Agree? Disagree?
If we push up directly from here and break through the top of
the channel, I think it will start to look like a decent medium
term topping area...but it needs to push through the top of the
channel and pull in some serious bullish FOMO action, IMO.
The top won't be a whimper - it's going to be violent
following a crash higher that sucks in max bulls.
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But I don't think it
SPX 2 hour - this actually looks like a likely ...
Posted by DigiNomad on 20th of Mar 2024 at 04:33 pm
But I don't think it was the more powerful wave 3 break of the resistance cycle. Those breaks often go crazy, but not so much when it breaks higher on wave 5. Agree? Disagree?
If we push up directly from here and break through the top of the channel, I think it will start to look like a decent medium term topping area...but it needs to push through the top of the channel and pull in some serious bullish FOMO action, IMO. The top won't be a whimper - it's going to be violent following a crash higher that sucks in max bulls.