I feel strangely confident about this
Hey guys,
I am charting the S&P because I would like to get long on it soon. We had a downward break out of an ascending wedge. It looks as though we got rejected at a resistance trend line and are retracing more. I believe we will find a large amount of buyers down at the 2650 range. After a bounce down there, I would be EXTREMELY bullish. Also, if we retrace down to 2650, be careful as this will drag many stocks down with it. May your trades be scientific, emotionless, and profitable. Until the next time,
- Matt
I am charting the S&P because I would like to get long on it soon. We had a downward break out of an ascending wedge. It looks as though we got rejected at a resistance trend line and are retracing more. I believe we will find a large amount of buyers down at the 2650 range. After a bounce down there, I would be EXTREMELY bullish. Also, if we retrace down to 2650, be careful as this will drag many stocks down with it. May your trades be scientific, emotionless, and profitable. Until the next time,
- Matt
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