123Tom's TA study group

[123tom]

S+P looks like it is maintaining strength
at the top zone here,and bounces back toward the top after one day of pull back.

A complete recovery from the sell down

and at at time when the media and wall street sentiment is worried about a market collapse or system collapse. I seriously doubt it will happen, precisely because it is becoming more clear that the banker cartel is responsible for collapses,and they are no longer in control of the market. The Trump government is in control of it now.

The peak so far at 2850 looks ready for a pullback, and the targets of support are there at 2800-2785-2770-2760 area.IF the retrace intends to be an ABC pattern.

The key moment in this rally pattern is what I highlight here ,was the surging rally that went from the 2725 Bottom right through the resistance at 2770 area and continued again thru the 2800 resistance area. showing no weakness at those steps.
Now that resistance zone becomes a support zone to watch in the pullback if it comes.
This was a strong and fast recovery rally S+P made. and currently looks floating in the top zone like its ready to keep going higher.