[SPX] Price Breakout Failed on Two Models Exactly Where Expected
Price failed to break above the 5 year trend on my Mega Trend model and also got rejected at my extrapolated resistance line on this Acid Trip model too.
I warned yesterday that anything above red is gonna be hard to hold. Couldn't even hold it for a day!
Price also neatly fell back and closed near the extrapolated 4 decade uptrend line.
Will be interesting if we fall through this tomorrow or if it continues acting as a support. Good chance we break through and close under.
I warned yesterday that anything above red is gonna be hard to hold. Couldn't even hold it for a day!
Price also neatly fell back and closed near the extrapolated 4 decade uptrend line.
Will be interesting if we fall through this tomorrow or if it continues acting as a support. Good chance we break through and close under.
Data analyst with a passion for best fit lines B)
