S&P500 - Approaching maximum resistance
Updated
It is evident that the index is approaching heavy resistance! If the index breaks below the support line, a move down to 3500 is likely to happen! If the DXY keeps rallying, this trendline may be reached again!
Note that the bear market probability index is currently at an all-time high!
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Note that the bear market probability index is currently at an all-time high!
Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves.
Note
Expecting some pullback soon!Note
'Be fearful when others are greedy and greedy when others are fearful' - Warren Buffett
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