(CercleFinance.com) – The S&P500 achieves the perfect double-top under 4,588 on 11/29 (retracement of the closing zenith of July 31, and within 25% it was also close to the zenith of February 2 and 9, 2022) , validating a gain of +10% exactly since its low of 4.105 on October 27.
The ‘S&P’ has increased for 5 weeks without ever having suffered the slightest ‘drawdown’ greater than 0.8% (in 24, 48 or 72 hours) which is an exceptional case.
And what about the ratio of 18 increases in 23 sessions, including 4 out of 5 of horizontal consolidation (from -0.08% to -0.2%), or in reality only 1 decline in 23 sessions.
The next objective could be the retracement of the zenith of 4.631 of 03/29/2022.
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