S&P 500 - Today was the end or FOMO to 4000???

2 בדצמ׳ 2020

Either today was effectively the end of the rally off the March low or we are getting ready to FOMO to 4000. The "W" pattern is the tell. Exact same pattern as June-July. I thought (as well as most bears) expected the S&P to end in the first rising wedge (you know the rational thing), but FOMO is a crazy thing and is the definition of irrational. Lets see what it does this time around. I go with down because that is what bears do :)



Forgot a line (dark red / brown)