P$Y Chart, page-159

Observing today’s chart.

It appears to be a triple top at 24.
Or is a pennant on the form? Depends if the sp consolidates above 20.0/20.5. (the new support area after the recent breakout)

A few overbought indicators atm [rsi, stochastics, rate of change], but the others are ok.

There’s also support around the general vicinity of 17.5 (& 15.5 gap level) IMO.

But a break of 24 would be fine to end the week tomorrow.
Perhaps even if it holds up, so that any retracement is kept to a minimum before the possibility of a new weekly high next week.

All just opinion anyway.


Best regards for tomorrow punters!