S&P 500 index Rising wedge

12. Sept. 2021

S&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).

This may also affect the crypto market

16. Sept. 2021

Anmerkung

Bounced perfectly on the bottom line support. We live to see another day. Expecting this to take a while to play out, but be careful!

22. Sept. 2021

Anmerkung

Ok we broke. This will be some interesting weeks/months if we dont recover quickly

24. Sept. 2021

Anmerkung

Right now its retesting the old support trend line. If it rejects we will probably see another large dip in the whole market

27. Okt. 2021

Anmerkung

Larger timeframe retest. Now we really start the downtrend (hopefully :P)