[S5FI] DAMN Guys... We Got a 5Y DIAGONAL Bout to BREAK! B)
Notice that every time in the last 5Y we broke below this line, stocks plummeted.
Only options left are...
1. BULLGASM to stay above this line for a bit longer before crashing
2. Start crashing soon
3300 is a good place to pull back to before charging for new ATHs, that is most likely bounce for next downturn right now but 3180 and 3k aren't too far behind, depends on how things shape up.
Only options left are...
1. BULLGASM to stay above this line for a bit longer before crashing
2. Start crashing soon
3300 is a good place to pull back to before charging for new ATHs, that is most likely bounce for next downturn right now but 3180 and 3k aren't too far behind, depends on how things shape up.
Note
This takes us to mid-December...If we break up then longing through Xmas should be good, if we break under sht gon get ugly...
Note
Still barely hanging on!Note
Almost there! Just extended and widened the pennant...Note
Successfully broke under the blue line and exactly failed a retest, should be more downside now if pattern hold...
Data analyst with a passion for best fit lines B)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Data analyst with a passion for best fit lines B)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.