Let's see how this ages. Oldest trendline for SPX.
Note
What a recovery so far. We're still below the 20 SMA on the monthly. Closing over that and people will be getting bullish again.
We're currently at the golden pocket extension.
Either SPY drops next week in a big way with earnings for many large companies or the bull resumes and this market is a giant scam.
"Don't fight the fed" only works until they run out of bazookas to fire.
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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.