Replies to post #46927 on ajtj99's Market Pulse

[ajtj99]

That line at SPX 1162-1164 is a big one.

I don't think people actually grasp the magnitude of a weekly close below that level.

I put out a possible scenario a few weeks ago, and that line is a big part of that. It could be a left and right shoulder of a massive H&S formation that could bomb us back to 965 SPX.

Let's hope for the sake of the market it doesn't come to pass.