Look closely at the chart presented.
S+P 500 Weekly Chart, shown with the 3 Box Indicator,
shows 4 consecutive Weekly Breakout Bars.
Chart trend reflects a very strong bullish breakout in progress
defined as a continuation pattern,which necessitates price needing
to move higher and higher to stay locked in this pattern.
It's a high stake's poker game now,
with big money continuing to put their money
into the market,at higher and higher prices.
At some point,
when this constant reinvestment reaches a nadir, price will meet gravity and thin air,
and "unsupported" may quickly want to drop quickly to the ground, like a hot air balloon without helium.
Nov.29,2019 Weekly S+P 500 Close, at 3140.98 was Bearish, according to my work.
The market is approaching the 1 Year Anniversary of the Major S+P 500 Low of 2346.58
Before the end of the year, the market will need to make a decision
on whether to continue to keep supporting price at these levels.
There is no easy way out,.. otherwise.
SPX Last 3140.98
THE_UNWIND
12/1/19
NEW YORK
S+P 500 Weekly Chart, shown with the 3 Box Indicator,
shows 4 consecutive Weekly Breakout Bars.
Chart trend reflects a very strong bullish breakout in progress
defined as a continuation pattern,which necessitates price needing
to move higher and higher to stay locked in this pattern.
It's a high stake's poker game now,
with big money continuing to put their money
into the market,at higher and higher prices.
At some point,
when this constant reinvestment reaches a nadir, price will meet gravity and thin air,
and "unsupported" may quickly want to drop quickly to the ground, like a hot air balloon without helium.
Nov.29,2019 Weekly S+P 500 Close, at 3140.98 was Bearish, according to my work.
The market is approaching the 1 Year Anniversary of the Major S+P 500 Low of 2346.58
Before the end of the year, the market will need to make a decision
on whether to continue to keep supporting price at these levels.
There is no easy way out,.. otherwise.
SPX Last 3140.98
THE_UNWIND
12/1/19
NEW YORK