We are approaching an exciting moment. A big battle in the far right corner, with SPX retesting the support line it broke out from last week, and meanwhile finding support on exactly the same level on the trendline going from the low late march to the recent low’s early may. A downwards trendline. An upwards trendline. Colliding.
And that exactly on the 2900 level. How is it possible? I don’t know. Where will it go? No clue. Should we step in if it breaks out? Hell yeah.
The battle of 2900.
This is the moment that waiting is more important than action.