SPX Looking BullishLooks like a legit new(er) post-covid structure and testing (disrespecting) the top of a 12-Year bull run for a second time.
A break above All-Time-Highs (just over 4,800) would be very attractive as an opportunity to add. I think at the very least, we test ATH.
Target for now is 4,800; then cruising altitude!
God Bless,
Chief
Chief
BITCOIN - YOU SAW IT HERE FIRST - WHAT'S NEXT???Thank you everyone for interacting lately. I love really do enjoy the camaraderie.
Anyway, we got the move down to the low $40k area and now some kind of attempt to take one more last breath.
I think the next move looks something like this chart. The consolidation part - the chop just before the next big move down that I've drawn - will destroy a lot of traders. You don't have to go very far to find nest after nest of excessively proud crypto fanatics; so it makes sense that we would get some kind of violent chop just before the next break down to $20k.
Take care.