You look to where your about to go. SP500 appears to have broken out of the mustard yellow channel. With a right hand turn. (Head and shoulder just completed with a bearish sentiment).
I notice the (grey) support vectors of its last few bearish wave segments are all looking to the same area. Does that mean we are headed to that spot? What happens when we get there?? Support compounds, and the markets continue growing, or does support become resistance and we enter a bigger corrective wave?
I notice the (grey) support vectors of its last few bearish wave segments are all looking to the same area. Does that mean we are headed to that spot? What happens when we get there?? Support compounds, and the markets continue growing, or does support become resistance and we enter a bigger corrective wave?