Don't FEAR s&p is just testing SUPPORT

10 May 2022

Here I have a trendline that was drawn from the bottom in 2009 until now. This trendline has been SUPPORT until 2011, then turned into major RESISTANCE until after the recovery from the BLACK SWAN Covid Crash. Now we are testing this trendline as support. I see us getting a bounce from here, getting rejected by the 200, then bouncing off the trendline again with a TARGET of approximately 5375 within a year timeframe.

Warren Buffett — 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'

13 May 2022

Not

We have gotten a lovely bounce off of the trend line. Definitely have to watch all our positions while in this uncertain time.