Since the vaccine news in November 2020, S&P broke a trend line that was a key resistance since 2013.
What next?
I am watching the red zone, marked based on time / market cycle estimates (calculated from previous "crash" period + 35%). This is just a predictive model, a lot depends on any sudden market news / conditions. But if there isn't any major positive news in the market over the November - December period, I'll be watching for some opportunities to add more to the portfolio.
Support levels marked on the chart.
Weekly chart view.
What next?
I am watching the red zone, marked based on time / market cycle estimates (calculated from previous "crash" period + 35%). This is just a predictive model, a lot depends on any sudden market news / conditions. But if there isn't any major positive news in the market over the November - December period, I'll be watching for some opportunities to add more to the portfolio.
Support levels marked on the chart.
Weekly chart view.