Ya I sure remember, didnt we talk about this via PMs cause I did the same with SPY in 2011, I think it was you that sent me a PM about what I was doing.
EDIT: Just checked PM, it was you indeed :)
Isn't it better to read price rather than news?
How many times have we seen crap reports but bullish interpretation by the market because of higher chances of fed stimulus?
Im done reading the news to be perfectly honest with you.
How do you trade ? Because everything you speak of regarding a chart is full of uncertainty, so I'm genuinely curious as to when do you actually feel confident on direction, if at all.
Wish all channel breakouts were as smooth as this one.
99% of the time it just chops at the area undecided what to do making you think its a breakout or resistance
1% is like the chart you posted
Bears pressed hard this week but bulls came back strong with an uppercut.
Maybe this time around SP500 can finally take the 1360 area with conviction and get us closer to the 1400s level.
Bullish on equities based on today's key reversal.
OP,
This is what I mean.
How do we know its yours or mine, a matter of pivot selection.
If we go by yours its unbroken, but then again you skipped previous ones.
If we go by mine its broken.
Too subjective.