You can clearly see how the s&p failed at EXACT resistance that blue sma which was 4325.
Now it better hold that green sma because that's the last strong support in the Bear Market rally that started at 3715 on June 20.
If not likely more pain coming in Sep & early October.
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Im curious your thoughts on market direction in relation to mid term elections. How has it performed historically in this setup?
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Pain is coming. Convenient low volume summer pump up. Back to reality now fun is over, and Powell stamped it 💯
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