S&P 500 on the edge of a huge Wave 3 breakout
https://www.wavegeni...-all-time-highs
S&P 500 near major break out - back to all time highs
Started by
gemx
, Jun 05 2023 09:01 AM
4 replies to this topic
#1
gemx
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#2
OEXCHAOS
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Mark S. Young
Posted 05 June 2023 - 03:26 PM
The chart sure looked Bullish. I just don't trust obvious patterns.
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#3
fib_1618
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Posted 05 June 2023 - 05:14 PM
Not with the SPX advance/decline line diverging as heavily as it is right now.
For a third wave to occur, you MUST have breadth of market leading price to the upside...this is not the case at this time.
Then again...this is certainly not the same market that we all grew up on either.
Fib
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#4
Rogerdodger
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Posted 05 June 2023 - 10:17 PM
Then again...this is certainly not the same market that we all grew up on either.
Speak for yourself.
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#5
pdx5
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I want return OF my money more than return ON my money
Posted 06 June 2023 - 07:51 AM
I miss the old markets which followed TA and P/E had some meaning.
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