The blue lines and dotted lines show what the SP500 might look like without the after hours gaps (likely manipulation efforts when the volume is low)... this has been an ongoing effort to see past those market manipulations to what the nature of the market might truly be.
Yesterday we drew a pink forecast, suggesting a top at the blue dotted resistance line of this downward channel, which was established with the island reversal June 5-10.
So far, the prediction seems to be holding up. I am looking for a downward correction this afternoon... but we could also break out of this theoretical channel if the market picked up real momentum.
Yesterday we drew a pink forecast, suggesting a top at the blue dotted resistance line of this downward channel, which was established with the island reversal June 5-10.
So far, the prediction seems to be holding up. I am looking for a downward correction this afternoon... but we could also break out of this theoretical channel if the market picked up real momentum.