Almost 80% of the market has turned bullish at this time. So I would like to point out a Bearish case on SP500 today. Similar to my BTC outlook, this also involves formation of Expanding Diagonal Waves.
Even though we broke upward from the trendline, this does not implies that we have invalidated the bearish PA (at-least not yet). We are currently at a critical level. In-case we fail the retest, the longs can get swept real fast.
Even though we broke upward from the trendline, this does not implies that we have invalidated the bearish PA (at-least not yet). We are currently at a critical level. In-case we fail the retest, the longs can get swept real fast.
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The recent upward Gap on market open invalidated this scenario.