S&P500 - A bounce to retest neckline is expected derived from | ChartNexus Bursa Updates

S&P500 - A bounce to retest neckline is expected derived from lesson in 2008... as can be seen from red shaded area. On the left is 2008 before diarrhoea non stop to lehman collapsed. on the right is 2022... wonder what will crash... But watch that retest, if market fail there, ideal spot to short...Earnings guidance mostly lowered amidst supply challenges. Right now we overshoot an uptrend line. Hope it can climb back up for a relief rally. God Bless America.