SPX needs Bitcoin/Crypto to go parabolic more than SPX to break out of ATH. CAVEAT - small sample size. NOT ADVICE DYOR.
Used Blue Verticals From Analysis Of SPX Below
Max healthy pullback in this analysis <7% from ATH . Max danger if market drops >9.89%. NOT ADVICE DYOR
Construction Details:-
All verticals where Histogram >0 but trending down i.e. light green. All horizontals are previous highs before histogram started trending down. Blue vertical indicates where price subsequently broke through two horizontal supports. Green diagonals oddly both equal roughly same percentage rise.
Max healthy pullback in this analysis <7% from ATH . Max danger if market drops >9.89%. NOT ADVICE DYOR
Construction Details:-
All verticals where Histogram >0 but trending down i.e. light green. All horizontals are previous highs before histogram started trending down. Blue vertical indicates where price subsequently broke through two horizontal supports. Green diagonals oddly both equal roughly same percentage rise.