All the noise about rates and inflation has been confusing to every long term investor.
This S&P mini chart pattern developing is very Interesting.
It has multiple defining patterns.
#1 it is now in a down turn and must convincing break above the downturn line to turn bullish shown
Or
#2 If it bounces off downturn line and drops from here it would create a potential Head and Shoulder bottom also could be bullish assuming it does not make new lows
or
#3 If it bounces off downturn line and sets new low it would be signal we have more on the decline or Bearish
The time has finally arrived when chartist like me will final see a new trend bullish or a continued bearish trend.
This S&P mini chart pattern developing is very Interesting.
It has multiple defining patterns.
#1 it is now in a down turn and must convincing break above the downturn line to turn bullish shown
Or
#2 If it bounces off downturn line and drops from here it would create a potential Head and Shoulder bottom also could be bullish assuming it does not make new lows
or
#3 If it bounces off downturn line and sets new low it would be signal we have more on the decline or Bearish
The time has finally arrived when chartist like me will final see a new trend bullish or a continued bearish trend.
