These are LT major trend lines going back to 2020.
Red line is major support; green major resistance; blue line is median serving as support/resistance, depending on whether SP is bullish or bearish. Anything over blue line is bullish and bellow is bearish.
If blue line is breached one way or the other: it will almost certainly go on to test red or green trendline.
If SP is unable to breach blue line = violent reaction in opposite direction to re-test green or red major support/resistance trendline.
Above green line: ape bullish
bellow red line: super bearish environment.
We had SP come back and retest blue line - got violently rejected of it to retest green line.
If history is anything to go by: if SP breaches green trendline: it should result in ape bullish SP move.
If it gets rejected again = it will most certainly try to go back and retest blue and red support.
These are LT major trend lines going back to 2020.Red line is...
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