The end of the S&P uptrend?
There has been a 12 week uptrend channel in the H4 timeframe starting from January 2024 through to today.
The S^P is now showing weakness as follows:
1) There is a triple top on H4 at 5190
2) Bearish Divergence
3) Resisted for 2 weeks in a row
4) Harmonic pattern to sell
Remember when a long bull run is broken, the bear run will be of a similar length.
Can you put up with 12 weeks of bearish moves? Time to take money off the table or if you are like me, go SHORT now.
The S^P is now showing weakness as follows:
1) There is a triple top on H4 at 5190
2) Bearish Divergence
3) Resisted for 2 weeks in a row
4) Harmonic pattern to sell
Remember when a long bull run is broken, the bear run will be of a similar length.
Can you put up with 12 weeks of bearish moves? Time to take money off the table or if you are like me, go SHORT now.
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