The market is approaching its apex in this current pattern. With a recent push out of supply, the bulls look strong. They are, however, running into the strongest resistance of the past 12 months. If we can breakout, a supply zone above is the target. If we reverse, back to demand/trend. $SPX $SPY $AAPL $TSLA
As we can see from zooming out on the 1D chart, there is currently a double bottom being tested. We can see support in the 55-56K zone, which has since flipped to a support level after being the breakout resistance level from weeks ago. A back-test on this level makes sense to accumulate further and solidify the confirmation of a true higher low. The neckline...
