Saturday, March 9, 2024

Weekend Update - Trendline rejection (3/8/24)

SPX was rejected by the blue trendline Friday.  The trendline had been sucessfully tested four times and held since November, until now.  SPX has unable to break above the trendline so far.  Since November, there have been six unfilled gaps below. Waves appear to have been fully developed.  Also note the nice Fibo relationship between sub-waves.

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