S&P 500 Index
Short
Aktualisiert

Doom and gloom

166
Uuuhm..
Is nobody noticing this like at all?
Patternwise doesn't that look like pretty much the worst thing in the world?
I don't know much about the fundamentals of american economy (or about economy in general lol), so maybe everybody is just relaxed because of reasons that i don't understand, but from a pure TA point of view looking at the chart, shouldn't you be crapping you pants at this point as long as the S&P 500 doesn't break that line of resistance decisively?
Granted if that huge pattern gets violated and nullified with a break to the upside these levels could be amazing entry points to a mega parabolic year long bull run in US stock markets, but as long as it is still not really escaping this huge bearish pattern, aren't you guys even a little scared of this huge ancient 30 year old resistance line??
Anmerkung
How about that rejection?
It might be just the beginning by the looks of that chart..

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