.SPX: A Retouch of Purple Trendline is Normal

MasterWU
05-07

Hello everyone! Today i want to share some technical analysis with you!

1.

$SPDR S&P 500 ETF Trust(SPY)$ A rebound at this stage is actually very bearish for tmrw--as it forms a potential BEAR-NEST, with 3rd of 3rd wave coinciding with FOMC.

The 5-min chart was posted last weekend to subs--so far, it captured the major downward moves. A retouch of purple trendline is normal.

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2.

Isn't it self-evident from the low on April 7th?

That bottom, as I noted then, IS NOT THE BOTTOM. In fact, far from it.

By the end of this month, you all would know what I mean now.

Stretch your imagination to guess the bottom, as that needs some extra wisdom to get it.

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