[SPX] Put On Your BIG BOY Trading Pants... Sht Bout to Get Real!
RW updated... GL ALLLLLLL!!! B)
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3840 is Max Peak, if we get to or above that, collapse back down is imminent.
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We got a breakout exactly off our RW, easy long scalp if you were paying attention when Price first started breaking above this structure and these lines...
Getting dangerously close to the 1Y Peak Channel top, which will be particularly reactive if it manages to reach it.
Everything over the blue lines (5Y Peak Channel) is dangerous and just itching to correct back down each time it gets above.
Getting dangerously close to the 1Y Peak Channel top, which will be particularly reactive if it manages to reach it.
Everything over the blue lines (5Y Peak Channel) is dangerous and just itching to correct back down each time it gets above.
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What that means is that when selloffs do happen, they'll be quick and steep. Short the tops and long the bottoms looking for reversals at any of these major S/R.
Data analyst with a passion for best fit lines B)
