Look at this chart.
Look very closely.
Note: S+P 500 Weekly Close on 8/20/21 at 4441.67,
puts it outside the 4 Hour Ascending Wedge,
clearly shown on the 4 Hour Institutional Chart ( Shown Here)
Today's sharp snapback rally, on options expiration Friday in August
had all the trappings of a LOW VOLUME "Buying Climax".
Their is a hurricane coming, with a Full Moon/High Tide
this weekend for Connecticut.where I live.
Cars lined up at the gas station and store shelfs being liquidated.
It's human nature to panic at the very last moment, when reality hits.
Stock market investors,
have a very long history of doing the exact same thing.
THE_UNWIND
8/20/21
Woods Of Connecticut.
Look very closely.
Note: S+P 500 Weekly Close on 8/20/21 at 4441.67,
puts it outside the 4 Hour Ascending Wedge,
clearly shown on the 4 Hour Institutional Chart ( Shown Here)
Today's sharp snapback rally, on options expiration Friday in August
had all the trappings of a LOW VOLUME "Buying Climax".
Their is a hurricane coming, with a Full Moon/High Tide
this weekend for Connecticut.where I live.
Cars lined up at the gas station and store shelfs being liquidated.
It's human nature to panic at the very last moment, when reality hits.
Stock market investors,
have a very long history of doing the exact same thing.
THE_UNWIND
8/20/21
Woods Of Connecticut.