...to the moon 🌑!!

Who gon' stop me!?

No, this isn't the cryptos, but looking at the SP500 chart, you cannot deny a certain resemblance. The bears don't stand a chance against the raging bulls. Every little downstep is promptly bought up, and the run continues. No wonder if money is free. Still, from a chart perspective, we need a bigger correction. We highlighted our potential turnaround area in yellow. The 261.8% Extension marks a strong resistance, and the bulls might encounter some difficulties there.

It's not far to go! Let's wait and see.

Happy Trading Weekend!
Comments and discussions are welcome!
beyondtechnicalanalysisdailymarketupdateElliott WaveforecastIndicesLONGsp500index

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