Very quickly, there is a head and shoulders, and a very quick target based on full performance. Two very long term SMAs set up support and resistance.
Wide Shot here
Wide Shot here
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Price action continues to struggle to get above the 400w. With the SPX looking like it is finally legging its way down off of protest and riot fueled Virus concerns.
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A hit of the play button on the original post shows that price action is once again against the neckline, almost perfectly. I cloned each of the arcs so the period is the same length so if the formation breaks downward on the Sunday open I would be quite pleased that it happened a early.
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Hit play above and see that we are retesting the neckline of the head and shoulders. This generally predicts a weaker move but I still have a high degree of confidence that price action will go to the 1000w SMA.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
