S&P 500✨
Rounding Top Confirmed: The Slow Roll Reversal Has Begun
Ladies and gentlemens, dignitaries, loyalists,
I bring to you a classic rounding top that the SPX has formed and it is now playing out exactly as these patterns do.
This is a slow rolling reversal formation that takes time to fully develop. The real kicker and confirmation is the crystal clear pattern of lower highs and lower lows that’s textbook technical damage.
With the recent lows now acting as support, selling pressure, once breached, is likely to accelerate fast.
The formalities are over… now, Rover, take over.
5K is my major target, and its highly likely to come into play in the not to distant future.
Stay vigilant, remain diligent, and most of all… stay informed.
Yours truly,
The Great Martis✨
@KobeissiLetter the fallacy here is assuming that all other geopolitical events removed 20% of the world's oil and 50% of the world's fertilizer (urea) from the global market