$SPX - Caution. Watch for Large 'M'-Top Pattern...
An Overthrow here means a failure to hold and build upon the breakout, which would be hugely bearish as has the potential for a large 'M'- Top Pattern.
Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.
Checking the indicators (not shown) shows Divergences on RSI & McD and the move up from early 2023 was on declining volume.
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