This is just a SPX weekly chart that I posted on Twitter for my own amusement. It seems to be quite bearish given the breakdown on the pennant and support. I am fairly sure there will be a weekly close below the 2020 support. In that case it will have me maintaining my bearish outlook.
The interesting thing however is on my monthly chart here. The outlook is more sideways consolidation. My key level here on the monthly chart is the flat kijun sen at 1935. A monthly close below that level would have me calling a major top reversal. Lets see
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