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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (3601)	12/13/2023 4:50:45 AM
From: Bull RidaH	1 Recommendation Recommended By yard_man Read Replies (1) \| Respond to of 4396

SPX - Well, the 50 point dip expected in the last post was a dud, only giving up 33 (somebody's favorite number), and from a much higher level (4640). The dip was IMMEDIATELY followed by a rip-roaring rally, which has led to a sustained and long-awaited upside channel breakout. The breakout targets 4691. Upon that target being met, we'll need to await the next pattern to understand if higher highs are assured to occur. I suspect they are, as the megaphone line the index is still chasing, is currently at 4718.