It cannot be understated the importance of this upcoming week for traders and traditional "buy & hold" investors alike. Is the Fed going to empower us to keep this bull market intact and/or in a trading range, or will we get the start of a waterfall leading us into a bear market?
The SPX has a variety of small support levels, I've highlighted a few in this chart to watch out for. As we have pretty much erased all of 2018's gains so far to date, it should be noted that bulls don't go down without a fight. Even though we have what looks like a overall topping pattern after 8 to 9 years, this could be a pit stop similar to the price action that occurred in 2016.
The SPX has a variety of small support levels, I've highlighted a few in this chart to watch out for. As we have pretty much erased all of 2018's gains so far to date, it should be noted that bulls don't go down without a fight. Even though we have what looks like a overall topping pattern after 8 to 9 years, this could be a pit stop similar to the price action that occurred in 2016.
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