Rounding off

8 May 2020SPX forming a bear wedge (in green) which might lead to another leg down further developing this nice rounding top. However, I think as it would head back to the 2600 region, getting plenty excited for a retest of crisis lows it would break out and continue recovery. I posted a similar chart on LTC a while back and it too ended up breaking out of the n shape and going on a nice run

8 May 2020

Yorum

pennant formed on 30 min timeframe. Likely to break up and test the curve.

8 May 2020

Yorum

Bullish break with the retest complete. EOD pump/dump will be key