S&P scenarios to bring price to the long term lower trend line
One convinces the crowd the market has peaked and shakes out the weak hands.
The other runs higher from here forcing everyone to chase price forming a steeper uptrend than 2017. Then once everyone is all in, price crashes which scares the shit out of everyone.
Either way, price retraces to the bottom of the long term channel trend line and has most convinced the long term bull market is over.
Then it reverses and continues higher...
The other runs higher from here forcing everyone to chase price forming a steeper uptrend than 2017. Then once everyone is all in, price crashes which scares the shit out of everyone.
Either way, price retraces to the bottom of the long term channel trend line and has most convinced the long term bull market is over.
Then it reverses and continues higher...