S&P 500: Watch That Wedge!!
6 years ago in #haejin by haejin (85)
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Good analysis @haejin frankly we can not rely heavily on price action. We have seen a lot of resistance directly above, so I would not be surprised at all to reach the 2700 level. If we can break above that level then I suspect that we may rise further. At that point, I will look at the 2800 level. If we retrace from here, then the 50 day exponential moving average, in red, is supposed to provide support. I think that since we are in the middle of the gains season, it will be difficult to keep rising in the short term, but it is clear that a break above 2700 will open the door again. The volume up was much lower than it was down, which is a concern for me as well
For me the below pattern speaks volumes and the fact that price broke down below the white trendline.
Great analysis! Could you chart ATVI.
Thank you
This will be posted today.
under the great impression of your knowledge ... congratulations and thank you very much for the video of the analysis .... voting of coure and post is worth to resteem