Sp500 hitting its head up against long term resistance..
Updated
Seems like we are over-extended..
Looks like the market will go sideways for a while with not much progress.
Risk-Return is not there. Not great entry point for longs.
Looks like the market will go sideways for a while with not much progress.
Risk-Return is not there. Not great entry point for longs.
Comment
Looks like it broke out of the range. Pretty interesting froth.Trade active
Looks like went right back into middle of the channelTrade active
We broke the channel. If we close below the line, the bull market is officially over. The next support is 2018 lows 2350 level.If we break that, we do not have a support until 2150 level.
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