The formation on the S&P 500 weekly chart looks similar to 2022....

  1. 27,117 Posts.
    lightbulb Created with Sketch. 2413
    The formation on the S&P 500 weekly chart looks similar to 2022. In the last week of Dec 2021, $SPX moved to a new high, then peaked the following week in the 1st week of Jan 2022.
    2 weeks of new highs, then a reversal. The upper channel could be reached
    https://x.com/ChartingProdigy/status/1838238390699041231
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.