The SP500 has formed a Cup and Handle and another bigger Cup and Handle in the Daily chart.
The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100.
The big BUTT!
Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome.
The price action is showing bullishness and I hope to science that the price breaks up and out of the downtrend range.
this will dish us up a nice Santa Claus rally. And bias wise I am long 13 stocks at the moment :P
The price has broken up and out of it and the Moving Averages are all looking good giving the first target of 44,100.
The big BUTT!
Is that there has been a massive downtrend since 23 December 2021, which the price will have to overcome.
The price action is showing bullishness and I hope to science that the price breaks up and out of the downtrend range.
this will dish us up a nice Santa Claus rally. And bias wise I am long 13 stocks at the moment :P
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.