ES, SPX - Santa Rally could trigger Cup & Handle pattern
Updated
A strong end to Q4
Window dressing by fund managers who were underweight equities
would trigger a cup handle pattern
breaking the trendline of the pattern is around 4600 on the #ES
I could also make an argument for HVF pattern we have a high 3 in place
A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.
Window dressing by fund managers who were underweight equities
would trigger a cup handle pattern
breaking the trendline of the pattern is around 4600 on the #ES
I could also make an argument for HVF pattern we have a high 3 in place
A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.
Trade active
Approaching the neckline @ 4580Trade active
New High's incoming.Trade active
5005Note
5077that time extrapolation interestingly puts us around the weekend of the 24th of August let's keep a mental note of that.
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5310
MeltUp!
Adding +75% in under two years
wow well done Fed :)
Clowns
Trade active
a bullish engulfing candle on the monthly!
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bullish hammering candles
up we go
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new high's slow stochastics are locked in the trend
cold #CPI number
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3.6% away from reaching the linear projection
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green accumulation bars still
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5.5% away from recapturing new highs
Trade closed: target reached
Linear target achieved.
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Bullish engulfing on the weekly
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