- Stratus Cloud Formations will not offer any real support or resistance
- Scenario 1: Price either breaks the pennant or bounces one last time before moving higher to previous all-time highs
- Scenario 2: Price ignores the Stratus Cloud formations and moves to the bottom of the Pennant
- In Scenario 2, if price does move to the bottom of the pennant it can move out to previous low (not plotted) or use it as momentum to push higher and then breakout to record highs
We are currently sidelined at the moment, S&P has a heavy Fundamental lean on the bigger picture, intra-day Technicals hold well keep your eyes peeled