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Interesting Insight on Where the S&P500 May Go Soon

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Learning Never Ends
@briggsy
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First, you should watch this video by Alessio Rastani about where dumb money sentiment is right now. It's not really surprising given the current feverish and delusional climate in equities.

[https://www.youtube.com/watch?v=dZd8Ft_hVPk] https://www.youtube.com/watch?v=dZd8Ft_hVPk

But that's not all. The S&P500 Index is sitting in a perfect textbook pattern.

This image is taken from "Technical Analysis of Stock Trends, Edwards & Magee, 4th edition, p.145."

Below is the S&P500 right now. Notice any similarities?

If the Technical Analysis is correct, we should see the following occur:

I thought this was interesting to share. Stay safe, thanks for dropping by.