The chart looks fine to me. In fact, it looks textbook bullish. Since I point out the reverse head and shoulders on the hourly chart, we have come back to test the breakout (textbook) then gone on to make a series of higher highs and higher lows.
Interesting that every time we get a few red candles holders squeal "it's a bot attack!!!". About this time the naysayers will also appear to put in their 2c worth.
Somewhere stored away I have a book that I bought 20 years ago on chart patterns. The book was written in the 1930's. It is still just as relevant today because human nature and all our associated emotions have not changed. I would point out we had charts that looked like this back then in an era long before there were bots.....or even computers. As we continue our upward trajectory, we shall also continue to see the ebbing and flowing of the SP. As the saying goes, the trend is your friend til the bend in the end.
In my most humble opinion.
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The chart looks fine to me. In fact, it looks textbook bullish....
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