The $SPX Chart EVERYONE has to see!
Doesn't take a rocket scientist to draw the Mother of all Trendlines (MOAT). Connects perfectly.
Sometime between now to mid July we gap fill 5,375ish, which conveniently lands right at that bottom support line.
Notice some RSI divergence too.
Also keep in mind that each of the last 4 starts to a new quarter led to a -1.5% drop in the first week.
You buy that dip if all of this materializes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
