nice chart.
The S+P is right at a key balance point now. I think its made a pretty strong bounce to try and recover. It has a chance to retest the top. but also needs to show strong support now around 4400 holding. As long as it stays above the 4350 area now,the downward pressure could be kept under control. Nevertheless, the political an economic times we are in is critical now, many turbulent events coming together, like war,threats or war, the 3 Gorges dam in china and bitcoin underneath it ready to collapse. The realty giant Evergrande is collapsing, and these are big triggers that threaten a global market collapse. So here we are watching the S+P candlesticks recover like everything is ok, but in the world,is waiting for chaos to trigger war and big events. like a stock market crash. I think we must be prepared to see it happen. in the coming weeks.
