In recent weeks, SPX showed signs of excessive FOMO, and a pullback into a key level was expected. That pullback happened, but SPX has since partially recovered.
On the Monthly chart, the pullback appears minor.
The Weekly chart shows price dipped below a key black level briefly before rebounding.
Key Points Going Forward:
Monthly Close needs to be above the...
In recent weeks, SPX showed signs of excessive FOMO, and a pullback into a key level was expected. That pullback happened, but SPX has since partially recovered.
On the Monthly chart, the pullback appears minor.
The Weekly chart shows price dipped below a key black level briefly before rebounding.
Key Points Going Forward:
Monthly Close needs to be above the...
