ES, SPX - Santa Rally could trigger Cup & Handle pattern
A strong end to Q4
Window dressing by fund managers who were underweight equities
would trigger a cup handle pattern
breaking the trendline of the pattern is around 4600 on the #ES
I could also make an argument for HVF pattern we have a high 3 in place
A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.
Window dressing by fund managers who were underweight equities
would trigger a cup handle pattern
breaking the trendline of the pattern is around 4600 on the #ES
I could also make an argument for HVF pattern we have a high 3 in place
A recession will no doubt rear it's head at some point ...
but a blow off top first to hand bears a beating is definitely a scenario I have shared before.
Trade active:
Approaching the neckline @ 4580
Trade active:
New High's incoming.
Trade active:
5005
Comment:
5310
MeltUp!
Adding +75% in under two years
wow well done Fed :)
Clowns
5310
MeltUp!
Adding +75% in under two years
wow well done Fed :)
Clowns
that time extrapolation interestingly puts us around the weekend of the 24th of August let's keep a mental note of that.