Hello everyone! Today I want to share some technical analysis with you!
Retail and institutional investors who were holding large profits but were reluctant to take a profit in 2023 due to a desire to avoid paying taxes in that year are now unloading.
They can fully pay their taxes in 2025 if they take profit in 2024. As a result, I believe that this is what started the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ sell-off this morning.
Potential bat pattern developing on the 4HR tf. We may have a dead cat bounce at target 1 before the continuation to target 2.
Called it! KABOOM Projected price target of 158 hit precisely on $AbbVie(ABBV)$ .
Fantastic! Posted on my Discord 11.23.23
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