Software Development Process

Morning Charts 12/26/2018 SPX

 tháng 12 26, 2018     No comments   

It's hard waking up early out here on vacation. It used to be easy, but ... it's nice to get to sleep in.

Hope everyone had a great Xmas.

Now get ready for all the year in review stuff.

On to the lie -

It ain't pretty. There is a somewhat obscure trend line that price may be getting support from here. I would not expect any backtest of the consolidation area above. Too far away now. BUT that would be a very likely technical thing to happen. Suck em all back in before ripping their face off. Yes, the old suckers rally. It would setup and epic collapse.

21-19 SPX is first real support. Below that the old ATH double top. Below that I see around 11. IMO 11 would set a great base to build on.

More to come below.

Have a great day.

Happy birthday to Mrs. STB!

GL and GB!



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