The spx is in a major trend fight with a break of the trapezoid the index pushes higher to test the red 45 degree line.
Watch for the inflection point noted by the arrow, if we break this hard( which the nasdaq did friday we are in full crash mode.
Keep your powder dry until after the 22nd. (short spy options if we break)
On the long side futher gains are very limited unless we break the red trendline.
Watch for the inflection point noted by the arrow, if we break this hard( which the nasdaq did friday we are in full crash mode.
Keep your powder dry until after the 22nd. (short spy options if we break)
On the long side futher gains are very limited unless we break the red trendline.