$SPX Chart Update:
The bears have a window here to do something with this wedge breakdown in the next 2-4 weeks. It's not like it's a very big breakdown, but it's a start.
We all know the bulls are pesky as hell and we are likely headed back to ATH's by eoy. 7,000 anyone?!
But first, wouldn't it be nice to actually have a REAL dip to re-enter long?
Let's break the 50dma and the notable 6,550 support line and head towards the next support area of 6,350. That will mark a peak to trough decline of just 6%. Woopido.
I'll buy that dip and prep for the gov't reopen, rate cuts, Nov bullish seasonality, and Santa rally boost into year's end.
If you like my charts and commentary, give me a❤️. Please. I'm desperate.
-Heis
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