S&P another premarket pump, running out of room or just starting

17 de dez. de 2020

I am running out of TA at this point. It is closing in on the end of my two wedge patterns and is clearly above the 1.236 fib ext. I personally can't tell if this is the last hurrah for this market and it is trying to squeeze every last penny out of the retail investors, or the FOMO provided by the new breed of irrational, risk-on "Robinhood" investor has fundamentally changed the market for now. If it breaks above these last lines of resistance, then all that is left is the trading channel a larger wedge that goes up to around 4200.