1939.3 - In Bombay, Mohandas Gandhi begins a fast protesting against British rule in India.
True to form SPX500 bounced on Friday. Pin bar on Thursday signalled the change.
Looking at the daily charts I think 1970s is a significant point as it has been tested and was either a close or open 8 times in the last two months. For this reason the failure to brake above it on Friday I think was significant.
Also on the weekly charts the high was on the 14th of September @ 2022 and we've failed to close in this range after the black cloud.
Hence, contrary to mother nature - the bear season is upon us 👎
imo - The disparity in the global economy is alarming in comparison to the little proxy wars and words between US and Russia. I hear alarm bells for EU and China and lots of good noise from US. I would be consolidating right now as a second dip underlay is just being laid out in front of us.