.SPX: Lower High, Lower Low
Hello everyone! Today i want to share some technical analysis with you!
1.
$Starbox(STBX)$ after hours:
(1) Starbox Group made announcement that it just completed a $16 million acquisition.
(2) the Advanced 3D Rendering Technology will add to STBX's AI/Machine-learning arsenal.
(3) the stock jumped 60% with huge volume. Busy Monday.
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2.
Lower High, Lower Low: $S&P 500(.SPX)$
(1) regardless how you slice it, SPX has two lower highs over the last 3 weeks.
(2) moreover, the lower low pattern also exists--with a downward trendline, converging at 5900.
(3) a major support level at 6040 has broken. If not recovered, BLACK MONDAY?
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