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[gm_general]

There are a main support and a main resistance line for $SPX MACD, which are parallel and stretch back to the 2020 main event as I described earlier. We are 1 hair away from that resistance line where it turned back the last two times. Note as in many previous cases in the morning it stretched through the line and snapped back like it hit an elastic band.

 

BTW I tried to buy some TECS today and my bank said no it is on their restricted list. Has anyone else gotten similar problems lately? TECL was not similarly restricted.

[steadyquest]

Interesting - spx hit some other numbers today as well.  The 50% retracement to the January high and the 61.8% retracement to the March high were both hit and rejected.  Zero Hedge claims there has never been a bear market rally in history that has closed above the 50% level and gone on to make new lows.  Don't know if that's true or not, but if it is I suppose there is always a first time.  But then this so-called bear market may have just been a correction from a fake top caused by excessive covid stimulus.

https://www.zerohedg...-50-retracement

 

 

 

Here's what happened 20 years ago