S&P still respecting the 2009 resistance trend line

Update on my previous post. The S&P is still fighting with the resistance setup from 2009. Big pump at the end of today still did not change that. My guess, the big boys trying to suck in as much money as possible to try and pump S&P above this resistance. A 2-3% pump in something like 30 minutes was not driven by retail investors. Question is will retail jump in to get a breakout or will the big boys dump it by the end of the week? The setup looks pretty bullish to me, but need some kind of breakout to really make me choose to go more in or not.

2h

Not

Thursday 10am

Not

Noon and sitting right on the trend line

Not

End trading on Thursday and it was clearly rejected from the trend line. Let's see what tomorrow brings.

Not

Maybe a bearish rising wedge forming?

Not

Friday 10:15am and S&P gapped right down out of the rising wedge

Not

Thursday Dec 23 and still respecting the line.

Dr_Roboto

İlgili yayınlar

S&P 500 bouncing off 2009 resistance line

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Feragatname

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