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!
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!
