SP 500 chart updated

SP 500 chart update ;

Make sure you fully understand what the "Bears" see ; Lower highs ! (see those purple arrows).

So why am I bullish ?

1) Pay attention to that "fake move" ; it went right below a key support, and zoomed up, quite fast.

2) The SP 500 then zoomed above those resistances (see red arrows), broke out, and started to pull back, re testing that previous key resistance level (see light green arrows)

Now, how to fully confuse your brain .......

1) Using MACD, RSI, etc .....

2) All those lagging indicators will just confuse your brain !

3) Price ! Yes, price is the only "leading indicator"

4) Please, first look at a clean chart, then if you decide to confuse yourself, add whatever you wish to it ..... :)))

5) Moving averages are ok, as long as your price is not within a channel pattern, then you are facing a useless tool ..... Use moving averages as your stop loss.

Regarding banks ; they are getting all the help from every govt in the world !!!!

Angola !!! Yes, Angola !!! (I was born and raised in the congo), full of oil will now bail out Portugal !!!! Now that is a true revolution :))))

Will soon be in Morocco to visit my olive oil and cows :))))

I convinced my local partners to think like Chinese ; bulk, tiny margins, break the rules, and mass market only :))))