SPX - Long Term Significance To This Point In Time
This weekly chart show the significance of this point in time.
The white trendline has been a force since the beginning of the bull run since 2009.
The cyan dashed lines are 1/4 lines of the channel from the long term bull run beginning in 1982.
The fib circle was drawn from the 2009 low to the March 2020 low.
There is a lot of symmetry here....a beautiful thing.
What's it all mean? I would expect some level of fight to hold this line.
The white trendline has been a force since the beginning of the bull run since 2009.
The cyan dashed lines are 1/4 lines of the channel from the long term bull run beginning in 1982.
The fib circle was drawn from the 2009 low to the March 2020 low.
There is a lot of symmetry here....a beautiful thing.
What's it all mean? I would expect some level of fight to hold this line.
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