SPX - Bearish - Consolidation Phase

2020年11月12日

Top trend line 2008-2020 Upward Trend - Black
Bottom Support - Blue

Bearish - MACD X and descent, RSI Spike and Descent, RED hourly downward candles.
Bullish - 50/250 SMA cross, Currently above 9/3 downward trend line.

My expectations are we continue down.

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

2020年11月16日

註釋

New channel may be forming. If confirmed, it puts us back in a bull market following the 2008-2020 channel (Black top), with the 9/3 down ward trend as the bottom of channel (green line), which we've bounced off of twice since crossing.

2020年11月16日

註釋

Revising bottom reverse line. 50% FIB retrace possible.

While I'd like SPX to drop to the 3500 trend line, FIB says NOPE.

2020年11月17日

註釋

Ended up bouncing off of the .236 FIB retrace, some unusual volatility today, but still generally headed up toward the 3700 line.
Picked up some UPRO at the .236 bounce, stopped out at a profit, picked up more on the 2nd bottom just before close.

2020年11月19日

註釋

I think we're still headed for that 3700 trend line, but it's slow and sideways.

2020年11月23日

註釋

Same essential path, same top of trend, just when the bounces will happen.

2020年11月29日

註釋

Still headed to the 3700 top. Interesting to see the divergence now as RSI is dropping and MACD pointing down even as we rise in price. Correction looks to be due.

2020年11月30日

註釋

Still being pushed toward the 3700 Trend, but crabbing 2 up, 1 down.
Top and drop to 3425 seeming less likely. Technicals pointing up into January.

2020年12月9日

註釋

I'm still wrong, and still waiting. I want to be a bull, but common sense says it should pull back. Can't get my head around it.